Schedule E: Prior Year Suspended Loss

[phildonnia]

In 2022, I sold a partnership that has suspended passive-activity losses from prior years.  I entered the suspended losses into Turbo Tax.  

Turbo Tax put them on Schedule E, line 28, column (i), with the name of the partnership in column (a), and other income from the current year on the same line.

The IRS instructions say: 

Enter on a separate line in column (g) of line 28 your total prior year unallowed losses  [...] Do not combine these losses with, or net them against, any current year amounts from the partnership  [...] Enter “PYA” in column (a) of the same line.

Is TT doing this correctly?  Is there some magic I need to do with the TT questionnaire to make this formatted differently?  Can I edit the form directly?

[DianeW777]

TurboTax is doing it correctly.  As long as you are seeing the passive activity loss carryforward and the income/loss for the current year you are ready to file.

There is nothing else for you to do once you have entered the information in your K1 entry.  If there was any issue it would have been addressed by the IRS since all software must be approved by them.