Chuckles
Level 1

I have a client with a partnership investment that has invested in 10 separate partnerships that each have losses from passive activities.  I need to report the losses from the lower tier partnerships separately on the 1040's Form 8542 and am not sure how to do that.

Do I set up a separate input Form 20.1 for each activity reported by the lower tier partnerships as if it was a separate partnership on the Form 1040?

Thanks for your help.

0 Cheers