This discussion has been locked. No new contributions can be made. You may start a new discussion here
Please don't SHOUT.
Use some of the details space to give some more details on precisely what you're asking.
Are you preparing LLC A's 1065?
Sorry about that. Yes I am preparing the return for A. B & C have losses and C's loss brings A's basis in C below zero .
Lacerte is not very robust when it comes to pass throughs to pass throughs. You'll need to compute the allowed loss yourself and manually limit it in the return. Keep a side spreadsheet of your computation and carryover.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.