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@sheri414 wrote:

Do you have a better method?  I've researched this and from what I've found, ProSeries doesn't have a basis limitation worksheet and other users are using 6198 to calculate.  How do you handle losses in excess of basis?

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When filling out the K-1 worksheet, only enter the allowable amounts (up to the Basis).  That is what the program would do if it had a Basis limitation worksheet.

Manually carry forward excess amounts and manually enter on future tax return when Basis is restored.