dentist47
Returning Member

Schedule E and K-1

I am confused entering info from my K-1 to Schedule E. I am going to only ask a simple question to start and will try later for what I perceive as very confusing issues.   Where do I enter my remaining basis , for a business that was closed in 2020.? I have a K-1 and a a shareholders basis computation sheet.  I am assuming that the remaining basis is a long term capital loss.