beshelton7
Level 2
04-14-2022
04:28 PM
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I have a client with a PTP 1065 K-1, with a loss reported on Part III Box 1 and a loss in Box 2. I cannot get the loss in Box 2 to flow to Form 8582 part I 2b. Am I missing something?
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msmith7305
Level 7
04-14-2022
06:18 PM
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PTP income and loss does not go to Form 8582
beshelton7
Level 2
04-14-2022
07:25 PM
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Where does the Loss in box 1 and box 2 on the K1 go on the 1040?
msmith7305
Level 7
04-14-2022
07:58 PM
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If the PTP has a net loss, not counting portfolio income, they will show as 0 on page 2 of Sched E and all the losses are suspended.
