PTP Worksheet to Schedule D

[Sea Hag]

Our PTP Worksheet has an allowed long term capital loss on line F, column (h) in the Regular Tax portion of the Allocation of Passive Losses section. However, the program does not transfer that loss to line 12 of Schedule D. Is there a way to make the program make that transfer, or do I have to enter an override on line 12 of Schedule D?

[JamesG1]

Above under the heading Summary of Passive Activity Per Schedule K-1, is the entry also on line 2?

Is the amount also listed on an IRS Form 8582 Passive Activity Loss Limitations?  Please clarify.

[Sea Hag]

The allowed long term capital loss is included in the amount entered on line 2 of the Summary of Passive Activity per Schedule K-1. The other items included on line 2 transferred to form 4797 and Schedule E as appropriate.

[Sea Hag]

Also, the program is not generating form 8782, which appears to be in accordance with the instructions for that form (p.8, under Reporting an Entire Disposition on Form 4797 or Form 8949).

[Sea Hag]

I mean form 8582. Sorry for the typo.

[Sea Hag]

Also, this is amended 2020 return, if that makes any difference.