Line 11 shows 0 and it should have the business income in it. How do I input Line 11?
On IRS form 4562 Depreciation and Amortization, line 11 is reporting $0.
The total cost you can deduct is limited to your taxable income from the active conduct of a trade or business during the year. Are you reporting the activity as a passive investor?
Thank you. I was reporting as active not passive.