Solved
Why is 1065 K-1 Line 13W deduction not populating Form 8582 Line 3b (or Worksheet 3)?
I will be taking over preparation of a trust's 1041 beginning next year. To be sure that I'm capturing all data and carryovers correctly, I'm entering the data from the 2020 source docs and filed 2020 Form 1041 into my ProSeries 2020 and comparing. The trust has one 1065 K-1, and I have $75 indicated in box 13 code W on the K-1 worksheet. In the filed 1041, this value populates line 3b of the Form 8582.
I asked the 2020 preparer (who used a different software) how she got the value to populate on the 8582. She said that on her K-1 worksheet, she indicated the investment was passive. In the ProSeries K-1 wkst, I do not see where to indicate the investment is passive (no box 2 or 3 data on the K-1).
How can I get the K-1 13W data to pull into the Form 8582?
I asked the 2020 preparer (who used a different software) how she got the value to populate on the 8582. She said that on her K-1 worksheet, she indicated the investment was passive. In the ProSeries K-1 wkst, I do not see where to indicate the investment is passive (no box 2 or 3 data on the K-1).
How can I get the K-1 13W data to pull into the Form 8582?
