Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Client has suspended losses from a Partnership and received a final K-1. How do I get ProConnect to allow the suspended losses? Can I mark it as final somewhere?
Client has suspended losses from a Partnership and received a final K-1. How do I get ProConnect to allow the suspended losses? Can I mark it as final somewhere?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
mattsd
Level 1
05-24-2021
02:30 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Schedule E should show the passive losses offsetting the non-passive income in the current year because the K-1 is final, but I don't see where to tell ProConnect that this is a final K-1.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
mattsd
Level 1
05-24-2021
05:11 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I found it.
Income > Passthrough K-1's > Partnership Info > Select the partnership > Part 1 - Information About the Partnership > find the box just above the Partnership Address section that says Delete next year (final K-1, free prior unallowed passive losses).
