laur730
Level 1
04-25-2022
09:17 AM
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I've now coded both taxpayer and spouse as non-passive, added net rental income to both K-1s, then added losses in the basis carryovers section. There are prior year unallowed losses (8582, line 1c) and prior year passive losses (8582, line 2c). When I add the passive c/o, it seems to make all the active participation information disappear. Sched E p2 is just showing passive income and loss totals, but not pulling the specific partnership info.
What am I doing wrong? (First year I'm using the ProConnect software, so user error is definitely a possibility!)
Thanks in advance.