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Get your taxes done using TurboTax
Per the IRS's Partner's Instructions for Schedule k-1, it says "To allocate and keep a record of the unallowed losses, use Parts VII, VIII, and IX of Form 8582". This is on page 5 under the Publicly Traded Partnerships )PTPs) section. So TurboTax should be putting these unallowed losses on Form 8582 but it is no doing so. I do see the losses on the PTP Worksheet but according to IRS instructions they need to be reported on Form 8582. Any idea why this is not happening?
‎April 8, 2022
7:59 AM