topic Where to put carryovers for K-1 in Business & farm

Where to put carryovers for K-1

scotsman1000 — Wed, 07 Aug 2019 00:36:25 GMT

I am entering in a 1065 K-1 and there are some prior year carryovers that relate to this business that I am unsure of.

1) "Passive Activy Loss" - Box 1 - Ordinary income I assume

2) "Domestic Production Acitivities" - ?

3) "Sec 1231 PAL" - ?

4) "Sec 1231 Losses subject to recapture rules" - ?

Any ideas where these go in the passive loss carryover form?

Re: Where to put carryovers for K-1

smarttees — Wed, 07 Aug 2019 03:09:54 GMT

I'd put the passive activity loss in Box 1, the sec 1231 PAL in the section 1231 loss- form 4797 box, the sec 1231 loss subject to recapture in the ordinary gain/loss - form 4797 box. No idea about that domestic production activities carryover because they got rid of that deduction for 2018-2025.