I am a passive investor in several Real Estate LLCs that have properties in several states (Calif, NY, NJ, GA, WI) where I am a non-resident. For the past 4 years for some of the LLC's state K-1, I have entered a passive loss on the state return (i.e. entered the "net loss from real estate activities). This year when doing California, the TT form is asking me to enter any past year loss. I would have thought TT would have remembered from last year. Is there something I need to do to point TT to last year's state return? Do work on the same PC where TT carried over my federal inf from? Or is it OK to just enter a total amount for the "past years passive losses" which I tracked in a spreadsheet?
Second question. For some states, in this LLC, I didn't file a return for past years' losses as documented on the state's K-1 (primarily because amount was too small for the effort and expense to file a state form). If this year I do show income for that state, can I total the previous year's losses when it asks for past losses? I have seen one TT experts say yes to totaling up past years passive losses and another say no. Would appreciate a "tie breaker"
