anitacpa1
Level 1
09-21-2023
03:24 PM
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I use proseries. I tried to limit the loss for a partner with a loss & negative basis by entering zero on lines 6,11of part II & III on form 6198. The loss was still allowed so I overrode the loss on Section C on the K-1 input sheet.
I suggest that a line be added on the federal carryover sheet to keep track of the disallowed losses for partners or add a worksheet to the K-1 to keep track of the partner's basis.