Enter a prior-year loss on a passive activity

Use an activity code to enter a passive activity loss carryover from a prior year.

Business:
Select the

C-3

screen in the Business
folder. Enter the suspended loss in the Passive Activity and Other Information
section.

Rent & Royalty:
Select the

Rent-2

screen in the Rental
folder. Enter the suspended loss in the Passive Activity and Other Information
section.

Farm:
Select the

F-3

screen in the Farm
folder. Enter the suspended loss in the Passive Activity and Other Information
section.

Farm Rental:
Select the

4835-2

screen in the FarmRent
folder. Enter the suspended loss in the Passive Activity and Other Information
section.

K1 from a 1065 or 1120S:
Select the

K1-7

screen in the K1 1065, 1120S
folder. Enter the suspended loss in the Passive Activity Info and Carryovers, Sec 179 Carryover
section.

K1 from a 1041:
Select the

K1T-2

screen in the K1
E/T
folder. Enter the suspended loss in the Passive Activity and Other Information
section.