sjrcpa
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		03-16-2023
	
		
		08:19 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Each PTP stands alone. The loss from one can only offset income ffom that one.
Unallowed losses do not go on 8582 for PTPs.
What do you mean by adding "material"? Unless your client manages the PTP I don't see how they can materially participate in the activity of the PTP.
Prior year unallowed losses get entered in each K-1's screen, down toward the bottom if it works like Lacerte.
The more I know the more I don’t know.