Thank you! This is one & only rental property sold so there will be no more gains to offset the carry over losses. Oh well.
A few more questions to get this complete - appreciate any insight you may have ...I have the desk top version & would like to e-file.
- I entered the depreciated amount in NJ-DOP, and although I wrote "Koch/Moroney Treatment of Unused Depr." turbo tax changed it to "Disp Sch NJK-1 .... " Is this ok, or should I write something else?
- Not sure how to update my carry over losses - Should I manually changed the amount of "loss carryforward from 2020 on the NJ-BUS-2 schedule? (line 5) or where do we change it?
- with these kinds of changes, any thoughts on whether e-file or mail file is a better choice?
Thank you again ! This thread has really been super helpful !!!
