Investors & landlords

The General Partner retains and has sent a copy of your K-1 to the IRS so nothing gets lost.

You should have 2 documents for this PTP.


1. The header is "Partner's Share of Income, Credits, Deductions, etc."

If you have the desktop version, use Forms Mode to bring it up. If you got the online version, there should be some way to view it.

Once up on the screen, scroll down to Section C. You will see a zero under (f) even though you have suspended losses. TT inserts that as a convenience so you know what will appear in schedule E, pt.2.

 

2. The 2nd document header is "Publicly Traded Partnership Worksheet." Under allocation of Passive Losses in column (h), you will see a zero which is normal.