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Level 2
posted Sep 19, 2019 4:00:07 PM

How to change Schedule E line27 to "yes"? One of my K1 has loss carryover(of previous years), another one has gain. I want to report the loss unallowed in a prior year.

0 4 1082
4 Replies
Level 15
Sep 19, 2019 5:38:39 PM

As you complete the K-1 interview you should see this screen ....

 

Not applicable
Sep 19, 2019 6:49:22 PM

is the K-1 from a publicly traded partnership?   if so, it's passive losses can not be used to offset profits from other partnerships and the loss carryforward will not appear on form 8582.   

Level 2
Sep 21, 2019 7:31:56 PM

I'm afraid i can't report the loss carryover of company A on company B here. The loss is of A, B has a gain. I put the loss carryover on A here.

Level 2
Sep 21, 2019 7:32:47 PM

No none of them is a public trade partnership.