@J295 Code 99O47 is for your information only. It doesn't need to be entered into TT. It (and just about every other code in the K-1) is discussed in the last couple pages of the K-1. There is a lot of info in there that may or may not apply depending on personal situation.
If you've used TT for your 2019 EPD K-1, then it will import the suspended passive activity losses from last year's return if you check that box. If you didn't use TT, you'd still want to check the box to enter in whatever you have from past years. The "at risk" losses refers to anything held on form 6198, which would show up the first year you tell TT you don't have investment at risk. If that was in a prior year, you'd want to check that box too.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
