Schedule K-1 Data loss not being reflected when entering it in.

[erikheitmeyer]

I have a K-1 Other Net rental income Box 3 -9,779, Interest Income Box 5 5,705 and ordinary dividends Box 6A 4.927. Box 13 L 132. Box 14A -9,779, Box 20 10,632 and Z in Box 20. I should only have taxable amount of 853 but it's taxing it based on the interest and dividends only and not taking in consideration the loss of -9,779.

[PatriciaV]

It's possible the passive loss from Box 3 was suspended or limited. The K-1 Partner worksheet Section A displays any adjustment to the loss and how much was suspended. Also check Schedule E page 2 Part II Line 18 to see the Loss Allowed on K-1. This amount flows to Schedule 1 Line 5 and goes to Form 1040 Line 8.

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