I have 3 passive loss carryovers from 2 & 3 yrs ago. TT premier is fouling up over them . first it stuck on review/smart check showing 6 errors. No one at TT support could fix. Deleted return & i started return again. Got finished and filed. IRS rejected .
error code says processing error . Again no one at support able to help( so far . Getting boosted to senior level today, yet no official TT issue with software admitted as yet)
questions:
1) if TT software bug, can i just delete Form 3800 and associated pages giving up small $738 carry forward passive credit ?
2) how long can i carry forward passive credit ? Do they expire?
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Yes, you could delete Form 3800 to be able to Efile, and later Amend to include it. Here's how to How to Delete Forms in TurboTax Online.
As an FYI, if you are using Turbo Tax Online, you will need to switch to the Desktop product because many of the forms that flow to Form 3800 require a manual entry that isn't available in the online product.
You don't manually enter data into form 3800. You would enter information from other forms and information from those forms populate form 3800. For an example, if you need to add Form 3468, you would generate Form 3468 by going to Open Forms in the Forms mode in your return. You would enter information on that form and the information will flow to Form 3800.
Form 3800 gathers information from over a dozen different forms. Turbo Tax wants to make sure you fill out these other forms thus won't allow you to enter data on form 3800 itself.
Here's more detailed info on Form 3800. A passive business credit can be carried forward for 20 years, according to IRS Instructions for Form 3800.
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