Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 14, 2025 8:12:31 PM

track loss on GA form 500

help

0 2 68
2 Replies
Expert Alumni
Apr 14, 2025 8:24:31 PM

Are you referring to a Net Operating Loss on your Georgia Form 500?  If so, what specifically do you need help with?  If not, what are you referring to?

New Member
Apr 14, 2025 9:03:41 PM

I'm a nonresident of Georgia investing in a real estate syndication that has losses in 2024. I want to show these passive losses to offset against future income from the investment. I've entered the net loss from real estate activities from GA Form 700, as well as the additions to federal income and subtractions from federal income (which I believe are depreciation related). However, I'm getting an error that Schedule 3, Line 8A for income and adjustments from all sources does not equal Georgia source amount plus other state source amount.

 

Backing into the numbers, I can tell I am out by the net loss from RRE activities, but unsure of how to show this on the GA return.