Re: if a partner in a partnership has ordinary business losses on his K-1 , but his basis in the partnership is negative. When i enter his K-1 on his 1040, is Proseries software has a place to enter ...

TaxGuyBill · ‎04-06-2022

@jeffmcpa2010 wrote:

In part II of the K-1 entry worksheet there is a quickzoom box to form 6198 to enter at-risk limitation information. That "should" do it. (Haven't tried one for a while with that situation so no guarantees)

Those are for At-Risk limitations, not Basis limitations. Form 6198 should not be filed for Basis limitations.