- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
A is also suspended if this k-1 is from a publicly traded partnership (PTP- Box D is checked) then losses aren't allowed but can only offset future income or be allowed in the year you fully dispose of it in a fully taxable transaction. The loss for 199A is also suspended. Look at form 8995. unknown if you are using a desktop version where using forms mode (only available in desktop versions) allows you to see the 199A and the loss computation on the k-1 worksheet.
the other possibility if not a PTP is a passive loss limitation see form 8582 again if the loss is suspended due to PAL the 199A loss will also be suspended.
‎July 17, 2024
11:26 PM
11,519 Views