Hello,
I'm using Turbotax Business 2021 for a rental real estate business (LLC). I have a net operating loss (1065, page 2, line 22) smaller than the net real estate gain (1065 page 4, schedule K, line 2). I have losses from the previous years in both operating and real estate to carry forward. How and where do I enter these in TT Business 2021? Also, if i can only enter the amount necessary to offset the current gain, what is the TT method to track my losses that haven't been applied for future carry foward?
Thanks,
Rich