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New Member
posted Mar 17, 2020 1:20:07 PM

Why doesn't K-1 information appear on the income summary after it is entered?

It only put the name of the trust on my Schedule E and the dollar amounts are blank.

0 3 1087
3 Replies
Level 15
Mar 17, 2020 2:47:29 PM

On which lines did your K-1 have entries?

Returning Member
Mar 19, 2020 6:25:00 PM

I entered my K-1 information from line 2 as a loss of -$6036 as required.  When I finished, the income summary page did not update with this information it remained at zero.  I checked last year and it was fine.  What changed? ideas?  Seems like a bug to me.

Thanks

Thom

Expert Alumni
Mar 20, 2020 8:27:54 PM

Usually, you must check your entries to be sure that you checked material participation so the passive activity rules do not apply.  The passive activity rules limit business losses that can be claimed but they do carry forward.

@Traderthom