@phedwards2 wrote:
Sorry for the confusion - should I start a new thread?
(if I can continue in this thread, how/where do I see the $150k carryforward in TT due to the basis limitation?
Thanks
Nowhere. The program does not limit due to Basis, so you need to manually do everything.
For the year of the Basis limitation, you manually only enter the allowable loss (don't enter the full numbers on the K-1). Then you manually make a note OUTSIDE of the program that you need to carry over the loss that was suspended due to Basis. Then whenever Basis is restored, you enter the now-allowable losses as a second K-1, and label it as "PYA".
