ftlusty
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09-21-2024
10:27 AM
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Level 11
09-21-2024
10:47 AM
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The 1065 K-1 reports everything that's allowed at the partnership level. Lacerte will calculate the "lack of business income" / basis / at-risk / passive carryforward, if applicable.
If you've got a prior-year carryforward you're trying to enter, was it suspended for lack of business income, basis, at-risk, or passive in the prior year?