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My partnership K-1 shows gas royalties, depletion, and other expenses with net profit. Form 8582 shows depletion as a passive loss with no income. Can I get rid of 8582?
I tried deleting the Form 8582 and I tried overriding income so it didn't show a loss, but couldn't find a way to tell it the depletion is a deduction from the royalties.
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‎June 3, 2019
11:02 AM