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Level 2
March 22, 2022
Question

Passive Loss Carryforward

  • March 22, 2022
  • 1 reply
  • 6 views

I'm at the Report Carryovers - Regular Tax page. Turbotax Populated Box 1, Ordinary Income with the 2020 passive loss. Where do I find the amount to enter in Box 2a? I'll probably slap my head when I read the response, but as of now I'm clueless. Thank you in advance for your help.

    1 reply

    Level 15
    March 22, 2022

    Please clarify:

    What tax return are you preparing, individual 1040, or a business return 1120S, 1065?

    What type of carryover do you have, rental, foreign tax, etc?

    Are you using TurboTax online or the CD\Download version?

     

    Thank you.

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    DolmanAuthor
    Level 2
    March 22, 2022

    Helen, thank you for your reply.

    I am working on a 1040, using download version.

    The losses carryforward are from domestic limited partnerships.

    All of the partnerships are oil related.

    JohnB5677
    Level 15
    March 22, 2022

    Please clarify what Form the box 2a you want to post is for?

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