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Report Carryovers (Form K1)
I have a K1 that has carryover from previous year. In my last year's return in form 8582 Worksheet 5 & 6, it says that the form or schedule to be reported on is 4797 Part 1. Any idea which category of passive loss carryover I should be reporting this loss on?
Note that this loss was reported on last year's Form 1065 in Box 9a (Net long term capital loss)
I had a tax preparer do my taxes last year and he claims that he can't provide the worksheet
Thanks
May 9, 2022
8:44 PM