Received the following error on an MLP that was sold this year -
Sch K-1 Wks-Partnerships (Name of MLP): Passive Operating Loss must be entered.
The 2019 Worksheet where the error occurs is near the end of the K-1 under ‘QBI (Section 199A) Attributes by Year Smart Worksheet’. Within that under ‘Passive Limits – Prior Year Carryovers by Year and Category’ it breaks up the data into ‘Before 2018’ and ‘2018’.
However, in the ‘Before 2018’ data (in 2019 return) it is (mistakenly) showing the data from my 2018 tax return that is for both 2018 and prior years (TT automatically brought these over from my 2018 return). Then in the ‘2018’ data, the fields are blank (and that is where the error is indicated).
It looks like there is either a defect in the software here (now), or there was one that affected the transfer of data from last year’s return.
Anybody know anything about this?
