TaxGuyBill
Level 15
05-16-2023
05:36 PM
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It's nice to see you!
I would first back up a bit ... if it never was passive, then there are no passive carryovers. But the prior returns can be amended.
If you feel the passive carryovers are valid, (1) have you entered the carryover in column b of "Section A" on the K-1" and (2) right above Box 1 of the K-1, there are two "Quickzoom" buttons. Hit the top one for the disposition and then on that worksheet be sure to check box 1a for the "fully taxable transaction".