topic Why doesn't K-1 information appear on the income summary after it is entered? in Retirement tax questions

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

joanne-wortman — Tue, 17 Mar 2020 20:20:07 GMT

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

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

Anonymous_ — Tue, 17 Mar 2020 21:47:29 GMT

On which lines did your K-1 have entries?

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

Traderthom — Fri, 20 Mar 2020 01:25:00 GMT

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

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

MaryK4 — Sat, 21 Mar 2020 03:28:42 GMT

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