470pitt
Level 3
 
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IRonMaN
Level 15

Passive loss?  No basis?


Slava Ukraini!
470pitt
Level 3

Thank you for answering.  This K-1 is for office rentals and on is showing a loss but when I input it

to his return it doesn't show anywhere.

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Jim-from-Ohio
Level 12
Level 12

How much is their AGI

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470pitt
Level 3

$251,000

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Jim-from-Ohio
Level 12
Level 12

makes too much for passive rental loss

abctax55
Level 15

...it doesn't show anywhere.

Take a look at Form 8582, and the 'general info' (that is what it is called in Lacerte...) that divulges unallowed passive loss carrovers.

HumanKind... Be Both