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How do I enter multiple activities from a K-1 instead of just entering it summarily?
For example, line 2 real estate loss is made of 3 activities. I don't want to enter the same K-1 3 times and trying to avoid it showing up on Schedule E (p2) as 3 seperate K-1s.
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Why?
If your client qualifies for the special allowance on F.8582, that will need to be allocated among all the activities to determined the disallowed loss for each.
Still an AllStar
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Nope. Materially participating but tracking each activity separately since not aggregating. Some have suspended losses from prior that needed to be releived upon disposition of activity.
also I have a k1 with 10 activities and 2 of them passive and 8 non passive.
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What's stopping you from creating just one other K-1 to enter the sum of all income/losses from F.8825's/Box 2 for rental R/E activities in which he materially participated, assuming he's a R/E professional?
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You can make multiple entries on a single line by clicking on the + sign on the right of the input cell.
Still an AllStar
