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Investors & landlords
PTPs are a special breed and are not treated like "normal" passive activities. As such, they are not reported or tracked on the form 8582.
I am sure, if you indicated in TT that the K-1 was a PTP, then the software most likely maintains a separate white paper detail specific to that PTP; since each PTP is handled individually.
See the instructions to the form 8582 page 13 "Special Instructions for PTPs".
https://www.irs.gov/pub/irs-pdf/i8582.pdf
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎April 19, 2020
3:02 PM