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Schedule E "suspended losses" due to AGI

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    #1

    Schedule E "suspended losses" due to AGI

    Upon reading thru replies from a similar thread by possi, is our software suppose to keep track of the suspended losses each year?
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    #2
    Any good software would, but I wouldn't put too much faith in it. If you change software companies stuff like that often gets messed up. And if even one year there was a random issue in the software you could lose the carry forward. I'd make a note or carry forward worksheet print out and put it in the client's file so that no matter what happens with the software I know how much the carry forward is.

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      #3
      ME, too. It often does not work they way it should, and I have to override. Then it really doesn't work the next year.

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