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abh1
Returning Member

Another Bug - Passive Operating Loss ... sum of losses in individual years should not be greater than the total loss

On the Carryovers to 2024 Smart Worksheet here is what is on the screen:

 G. Schedule E suspended Loss -32049

Disallowed Passive Losses:

   Before 2018    25,505

    2020 J Operating Loss  -3055

     2022 S Operating Loss -22450

     2023 S Operating Loss - 32049              <-       this is the entry that Turbotax is complaining about - what do I put instead?

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4 Replies
munsonk
New Member

Another Bug - Passive Operating Loss ... sum of losses in individual years should not be greater than the total loss

I'm having the same issue

PatriciaV
Employee Tax Expert

Another Bug - Passive Operating Loss ... sum of losses in individual years should not be greater than the total loss

This experience has been reported and is under investigation. You may sign up for updates here: Why is the capital loss carryover screen showing incorrect calculations? Even if this doesn't seem to apply to your situation, the form & calculations will be updated in TurboTax when the investigation is complete.

 

@abh1 

@munsonk 

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vonwenger
New Member

Another Bug - Passive Operating Loss ... sum of losses in individual years should not be greater than the total loss

Same issue here too.

MaryK4
Employee Tax Expert

Another Bug - Passive Operating Loss ... sum of losses in individual years should not be greater than the total loss

@vonwenger This experience has been reported and is under investigation. You may sign up for updates here: Why is the capital loss carryover screen showing incorrect calculations?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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