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- Re: 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?
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mattsd
Level 1
05-24-2021
02:30 PM
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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.
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mattsd
Level 1
05-24-2021
05:11 PM
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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).
