gzimmerman1946
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Turns out that form 3800 line 4 is now only for non-passive carry-forwards. So to get an entry you need to have non-passive activities listed in the carry forwa...
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As per https://www.irs.gov/instructions/i1040se#en_US_2022_publink24332td0e1965:For interest allocated to passive activity use, enter the interest on Form 8582 ...
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Thanks. Making a separate line item on Schedule E Part II allows me to do this without an Override & allows me to describe what it is.
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Yes, but the next paragraph in that article says:For example, say you borrowed $20,000 to buy a 10 percent stake in a friend's car wash. That stake is certainly...
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I also do not know how to report a bug. The last time I was certain there was a bug I did talk to someone at TurboTax & they assured me that TurboTax did not ma...
Activity Feed for gzimmerman1946
- Posted Re: 2024 form 3800 line 4 on After you file. March 23, 2025 12:14 PM
- Posted 2024 form 3800 line 4 on After you file. March 23, 2025 7:49 AM
- Posted Re: Deducting interest on a loan used to purchase membership in a passive activity LLC on Get your taxes done using TurboTax. August 12, 2023 9:03 AM
- Got Cheered for Re: Deducting interest on a loan used to purchase membership in a passive activity LLC. July 3, 2023 10:57 AM
- Posted Re: Deducting interest on a loan used to purchase membership in a passive activity LLC on Get your taxes done using TurboTax. July 3, 2023 10:28 AM
- Posted Re: Deducting interest on a loan used to purchase membership in a passive activity LLC on Get your taxes done using TurboTax. July 3, 2023 8:09 AM
- Posted Deducting interest on a loan used to purchase membership in a passive activity LLC on Get your taxes done using TurboTax. July 3, 2023 7:52 AM
- Posted Re: LLC partnership and Investment Tax Credit on Business & farm. February 26, 2022 5:43 PM
- Posted Re: LLC partnership and Investment Tax Credit on Business & farm. February 26, 2022 2:48 PM
- Posted Re: Unless a TurboTax Desktop program determines that you are... on Get your taxes done using TurboTax. April 11, 2020 1:48 PM