Instead of reporting a non-passive loss for Schedule K-1 in Box 20 Code ZZ, enter this instead for Box 11 Code ZZ.
Now go to Forms Mode (F6 or Forms>>Open Forms).
- Find K-1 Partner for this investment and click the form name to open it in the large window.
- Scroll down to Part III Line 11 and click the QuickZoom button for codes A, B, K, S, and I to ZZ. This will open the K1P Addl Info worksheet.
- Scroll down to Box 11 Line 4. Enter a description for your non-passive loss and enter a negative amount. As the line indicates, this amount will be reported on Schedule pg2 Line 28.
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