2019 Turbotax used 25,000 of s corp passive loss carryover on $0 net income and deducted 25,000 from my 2020 passive loss carryover balance, e.g, 37,000 passive...
TurboTax is carrying over and using up $25,000 of prior year passive losses to current year income of $0. For example, 30,000 of prior year losses became $5,000...
