Passive activity carryovers (1120)

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Enter passive activity carryovers in the Carryovers section of the input screen. You can use several categories to enter passive activity carryovers for each entity. The following categories are available.

  • Operating
  • Short-term capital loss
  • Long-term capital loss
  • Section 1231 loss
  • Ordinary business loss

Related topic: Passive activities overview

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