Passive loss oh my. C-2 is for when your 5% taxed income is negative and your 12% income is positive. they take your passive loss and add it to your passive income. but turbo tax does not ask this question. another flaw in the process. So make sure you pull in the form into the program and fill it out you might be very surprised with the results. I just reduced a $6K tax to $120. boy I was sweating that one out. :) Of course that makes you have to send in your paper from. for 6 grand I will do that any day thank you very much!
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