rbynaker
Level 14
03-23-2022
03:22 PM
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I may be complicit in this confusion. Way back up there I read:
@MGC94 wrote:
MFJ line 1 wages $133,201 line 4d pension $69,277 line 7 -$20,372. Total income $182,106 adjustment to income $250 AGI $181,856
but now it sounds like this was a passive activity loss (so probably "line 7" is just a typo which led us down the capital loss rabbit hole). The passive loss would pass through Schedule 1 and end up on line 8 instead of line 7.