I am a passive shareholder in a S Corp, trying to input dissallowed loss carryforwards found on a CPA prepared Shareholder Basis worksheet for the prior year.
At the "Other Situations" portion of the K-1 interview, the only way I have figured out how to input these loss carryforwards is by selecting "I have at-risk losses" carrying over", even though I am not at risk and have 0 basis (And I do specify 0 basis, so the losses aren't deducted).
If I use this method, TT generates an "At Risk Wks - S" and a form 6198 (Of which none are deductible). I have not seen a form 6198 prepared in prior years by CPA even though I had the same situation.
Is this the correct method to handle my situation in TT?
Edit: this concerns 2019, so there is no form 7203.
