ellenabel
Level 3
I have a 2020 individual tax return with a 2019 California excess business loss of 2 million going into 2020.  In 2020 there is a 1231 gain from a partnership of 4 million and a 1 million business loss from a second partnership which is not a passive activity.   Total business income is 4 million.  Lacerte is allowing the 2020 K-1 loss of 1 million on the CA return but not allowing any of the CA excess business loss carryforward of 2 million.  Why?
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