david3
Level 8
07-13-2022
06:49 PM
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Client had S Corp basis limitation in 2020 and the loss is allowed in 2021. When I click PYA on Sch E and enter the loss carryforward, the current year profit and the offsetting loss allowed appear in the Passive section of Sch E pg 2. The business is a non-passive business.
I followed the instructions from another answer that said to enter the loss carryforward in Section A column B.
How do I get the income and the offsetting loss to appear in the passive section of Sch E p2?
Best Answer Click here
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