K-1 flow to form 8582
I have a client with a PTP 1065 K-1, with a loss reported on Part III Box 1 and a loss in Box 2. I cannot get the loss in Box 2 to flow to Form 8582 part I 2b. Am I missing something?
I have a client with a PTP 1065 K-1, with a loss reported on Part III Box 1 and a loss in Box 2. I cannot get the loss in Box 2 to flow to Form 8582 part I 2b. Am I missing something?
If the PTP has a net loss, not counting portfolio income, they will show as 0 on page 2 of Sched E and all the losses are suspended.
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