@sharight3128 wrote:
...TurboTax is not applying the loss to my income on my construction company. How do I fix this?
First, enter Forms Mode and review Schedule 1, Line 5 to determine the figure that is reported on that line.
Next, go through your Property Profile and ensure that you have indeed answered the material participation question because it is easy to miss and the default answer is "No".
On a test return, I could not reproduce the error you are experiencing so there is most likely an input issue.
Finally, I will refrain from addressing the LLC issue but, hopefully, you are aware that a multi-member LLC is typically required to file its own income tax return (Form 1065) unless it is owned by a married couple as community property in a community property state.
