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smuwarskape
New Member

Its unclear what to enter in Box 20 of K1 for a passive loss

I received a K1 as a limited partner in a real estate LLC. The K1 shows "INFO" for box 20 and provides supplemental information showing a passive net income loss. I am not sure what code to use for box 20 to report this passive loss. 

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‎February 27, 2020 8:58 PM
last updated ‎February 27, 2020 8:58 PM
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tagteam
Level 15
Level 15

Its unclear what to enter in Box 20 of K1 for a passive loss

You should contact the partnership representative, or other responsible party, and inquire as to why there is no code in that box. 

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‎February 28, 2020 7:39 AM
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tagteam
Level 15
Level 15

Its unclear what to enter in Box 20 of K1 for a passive loss

You should contact the partnership representative, or other responsible party, and inquire as to why there is no code in that box. 

‎February 28, 2020 7:39 AM
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