Hello and thanks for any help, I'm not entirely sure what I should put in the "K-1 amount to adjust box" supplied by TT...
Here is Part III from my 7203....
I believe "0" may be correct, but would love confirmation, thank you for your time!
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Part III Line 35 reports and allowable current loss of $1,095 and a carryover loss of $1,072 to total $2,167 allowable loss and $0 carryover.
I am not seeing this screen in TurboTax Online. Perhaps, the screen only comes up when your allowable loss is generated from debt basis (d) and not stock basis (c).
View the tax return to verify that the correct value is posted. See Schedule E, page 2, Part II, under A, B, C or D.
View the entries at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.
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