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xdcr
Level 2

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.

 
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4 Replies

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.

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

 

1.PNG

Anonymous
Not applicable

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.

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.   

xdcr
Level 2

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.

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.

xdcr
Level 2

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.

No none of them is a public trade partnership.

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