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Investors & landlords
Thanks...The K-1 is for a limited partnership that I did not actively participate. Why does that one K-1 with the capital gain now make all my other K-1 passive Unallowed losses not allowed? It makes a huge difference on my refund. Another community member posted the same question about his K-1 capital gain. He ended up taking his taxes to a licensed CPA and that CPA did not include the capital gain on his K-1 as passive income on form 8582. It only went to Schedule D. I'm not sure Turbotax is handling this K-1 gain on line 10 correctly.
Thank you
March 31, 2023
1:08 PM