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Self employed
I used Turbo Tax last year and did it myself.
I searched high and lo and to how to handlel this last year!
First I even let Turbo Tax do do the taxes. They didn't submit anything because I toook it over.
I saw something last year about that for 8582 but I'm no tax expert. AND Turbo tax didn't tell me I needed that.
They told me that the net loss on my Schedule E would carry over until I had income to offset the net loss.
OF course I had expenses.. so it was income of $3090 less my expenses which netted a loss of the $12k.
AND NOw I'm working on Turbo Tax and no where does that amount feed in to offset the ERAP.
‎February 16, 2022
2:15 PM