Level 11
09-13-2024
10:21 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If you don't want to fiddle basis back and forth between 2 K-1 inputs, you can also use the Separately Stated Income and Deductions section to enter either the passive or nonpassive piece, depending on which presentation you prefer. If the $25k rental loss rule applies to your client, making the K-1 passive and entering the nonpassive loss as a separately stated item will apply the limits correctly.