Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 4
posted Apr 5, 2023 6:17:31 PM

Entries on Schedule E, Line 28

I sold a partnership in 2022, and I have prior-year suspended passive-activity losses.  The IRS Form Instructions for Schedule E say to put these on a separate line, with "PYA" in Column (a), and do not combine them with other amounts.  

 

However Turbo Tax 1) puts them on the same line as the partnership; 2) doesn't put "PYA" anywhere; 3) puts them in Column (i) instead of column (g).

 

Is this correct?  If not, how can I get Turbo Tax to put this item in the correct place?

0 1 198
1 Replies
Expert Alumni
Apr 11, 2023 10:13:13 AM

It is entered in the K1 entry in TurboTax.  You should have a check box that shows this is a complete sale/disposition of the partnership and that you have passive activity losses carried over from last year.  See the images below for assistance.

  • Search (upper right) > type k1 > Click the Jump to... link > Continue to review your K1 entry
  • See the images below