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Self employed
My K-1 AJ have two items: aggregate business activity gross income of say $1000 and aggregate business activity total deductions $3000. On turbotax AJ is excess business loss limitations. I subtract the income with deduction to -$2000. Do I enter the Turbotax AJ excess business loss limitations a positive number 2000 or negative number -2000?
‎April 12, 2024
1:49 PM