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Level 1
June 1, 2019
Question

Form K-1 Code 99O47

  • June 1, 2019
  • 1 reply
  • 3 views

On Form K-1, Part III, there is no data in any boxes. Box 20 * shows "STMT". I think that refers to data on the Supplemental Information Statement. However, the only amount shows in K-1 code 99O47 (Estimated Tax Basis). How do I enter that value since there is no drop down box to enter that code?

1 reply

Level 2
June 1, 2019

Form K - 1 line 99O47 CUMULATIVE PASSIVE LOSSES has already been calculated by Turbo Tax  ….. hit CONTINUE until you get to the screen which has this info already on it ….so there is no need to input it again