tmf5
Level 1

Review Circle: K-1 passive operating loss sum of losses in individual years should not be greater than the total loss

Hi -

I keep getting circled back to the same review question - even after trying several things.  The review statement is:  passive operating loss sum of losses in individual years should not be greater than the total loss for the K-1 Limited Partnership.  Going back and checking the information provided in this year's and last year's K-1s, the information I entered is correct.  But TT is telling me that I can't exceed the amount that was listed as last year's loss.  I tried putting this year's loss to zero so that the total matched last year's loss but that didn't resolve the problem.  I then noticed that there was a $2 difference in a loss number as provided in last year's K-1 box 1 and in the Section 199A statement - so I also corrected/changed that in case it was the problem, but I still get circled back to the same review.

 

I have no idea how to get out of this loop and would appreciate any information folks may have.  Thank you!