2020 Schedule E page 2 part 2 line 28 column (e).

[The Real Halloween]

How to tell PTO to check the box in column (e) on line 28? Thanks for your time and comment.

[George4Tacks]

You will need to interpret this Lacerte article https://proconnect.intuit.com/community/individual/help/marking-individual-schedule-e-page-2-line-28...

[The Real Halloween]

@George4Tacks Thank so much for your comment and the Lacerte article.

Do you agree that there is no “a Reporting a loss” as per the Lacerte article if the 2020 K-1 only has Line 13 Code W-other deductions $40 and Line 20 Code B-Investment expenses $40?

I am asking this because K-1: Part 1 section L-Partner's Capital Account Analysis has Current year net income (loss) in the amount of ($40).

Again thanks for your time!

[PhoebeRoberts]

You might have a reportable loss. Is the 13W amount a deductible expense, or is it a misc 2% expense no longer deductible by individuals? Is Schedule E page 2 where you expect the 13W amount to show up, and have you entered it in a field that normally flows to SchEp2? Does the partner have sufficient basis? Sufficient at-risk? Are they active or passive? If passive, what does the 8582 say? Is the partnership a PTP / MLP?

Partnership taxation is not one of those things where you can plunk a number into a box that matches the K-1 and blindly trust that the output is correct.

[The Real Halloween]

@PhoebeRoberts Thanks again for your valuable advice.