KevinK
Level 3
06-24-2022
12:08 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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?
Labels