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Business & farm
You are correct that the loss needs to be manually adjusted. I figured out why the At Risk Wks - S form was missing. During the Step-by-Step entry of the K-1, I neglected to click the box that I had a prior year suspended loss. Once that box was checked, the At Risk Wks -S is added to the return. By entering the allowable loss on the worksheet, the correct loss is brought forward to Schedule E and makes the forms for the K-1 and 7203 correct. The overrides on the worksheet don't impact being able to e-file.
March 24, 2024
1:09 PM