ThomasM125
Expert Alumni

Business & farm

@zukasama Often you have passive income as a consequence of ownership in a partnership, trust or S corporation. If you reported any K-1 schedules on your tax return, that can come from such an ownership and may require form 3801 to be generated.

 

Also, you may have losses carried over from previous years that will require form 3801 to be generated in the current year.

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