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@dkh wrote:

 Each shareholder needs the basis worksheet to limit the loss on their personal tax return  thru Form 6198  which will flow to Sched E page 2

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I realize many ProSeries users use Form 6198 as a work around, but Form 6198 is NOT supposed to be used for Basis limitations.  That is for At-Risk limitations.

The proper way to do it is to manually calculate the allowable loss, and only enter that on the K-1.  Then manually carry forward any unused losses for when Basis is restored.