Thanks I just wanted certain that Turbotax was entering this currently since in the past I believe it automatically created two separate K-1 worksheets (one for the current years PTP and one for suspended carry over losses PTA) and this year when I imported my prior years turbotax information, the cumulative suspended passive carryover losses were simply on the same worksheet as the new K-1 information.
According to the IRS instructions for Sch E they state that Prior years unallowed losses must be reported separately from current K-1 and designated the former as "PYA" and this information should be entered in line 28 g (passive losses allowed k-1). But I cannot get Turbotax to do this and instead it reports it as nonpassive loss column i.
Also according to Schedule E part II text "if you report a loss, distribution, or dispose of a stock you MUST check box 'e' on line 28 and attach the required basis computation. " However, I am uncertain what information I need to provide for this section and do I simply include this information as a supplemental statement?
