vivianl78
Level 1
09-18-2021
12:21 PM
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It looks like the “Nonpassive activity” box is for martially participated. And the reconciliation on Line 43 on Schedule E for real estate professional calculated just fine. But my client had Nonpassive loss from previous year and I am not sure where to enter the Nonpassive loss carryforward in ProConnect. Do you know how to report the prior year Nonpassive loss carryforward for a real estate professional on 1040? Thank you!