KevinK
Level 3

Individual Taxpayer with PTP K-1 reporting 1256 loss, Code C, Box 11 of PTP Sch K-1. Lacerte input for this box flows the loss through return with no application of PTP loss suspension rules. Is there a special input workwaround for Lacerte to capture the PTP 1256 loss, apply to basis limitations, suspend and carryforward?

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