PTP-1256 Loss Suspension & Carryforward

[KevinK]

Individual Taxpayer with PTP K-1 reporting 1256 loss, Code C, Box 11 of PTP Sch K-1. Lacerte input for this box flows the loss through return with no application of PTP loss suspension rules. Is there a special input workwaround for Lacerte to capture the PTP 1256 loss, apply to basis limitations, suspend and carryforward?

[PhoebeRoberts]

Portfolio income generally isn't passive. Do the footnotes to your specific K-1 indicate that the 1256 loss is passive? (The PTP rules don't apply to suspension of losses generically; they're a special case of the passive activity rules.)

If the 1256 loss is passive per the K-1 footnotes, you can do the 40/60 split manually and enter it as passive short and long-term capital losses.