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Where can I enter 6198 qualified non-recourse financing for a passthrough on the 1041 inputs?

Level 1
I have a partnership K-1 for a trust with qualified non-recourse financing that would provide basis for the net rental loss (I think), but don't know where to enter that information in Pro Connect.

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2 Comments 2
Level 15

I don't think you'll find a place. Big sister Lacerte doesn't have one. Pass throughs to pass throughs are a weak spot in Lacerte.

Level 15

ProConnect Tax has even less areas to enter this than Lacerte does. The "help" articles are not much help https://proconnect.intuit.com/community/schedule-k-1/help/basis-limitation-frequently-asked-question... and https://proconnect.intuit.com/community/schedule-k-1/help/basis-limitations-for-k-1-losses/00/5162 do nothing to aid in the how to. 

Bottom line, keep some notes and maybe a spread sheet on the side and "make it work". 

Here's wishing you many Happy Returns