Is the 2019 individual business loss limitation $255,000/$510,000 as shown on IRS Form 461 or is Intuit correct with $250,000/$500,000?

[TaxGuyBill]

Both the Form itself and the Instructions show $255,000/$510,000.

If Intuit is using something else, they are wrong.

[IRonMaN]

@TaxGuyBill  - you aren't out shoveling snow today?   Or are you plotting another kidnapping instead? ☃️

[TaxGuyBill]

Hey, what happened to my post?  I just posted a story about the snowman, it is gone!

[IRonMaN]

I was responding to it and it disappeared.  Did Intuit's hot air melt it?

[kathyscpa · Accepted solution]

Thank you. Intuit is using the wrong limitations on the return review.