At-risk inputs via 1120-S

[trw4879]

Hi all - I'm a bit stumped on this one. Is there an at-risk limitation input on the 1120-S for partnership K-1 losses? (S-Corp owns a partnership with losses). I can't seem to figure out how to limit the losses produced by the K-1 at the S-Corp level. Thanks.

[sjrcpa · Accepted solution]

You'll need to enter only the allowable loss in the software. Keep a workpaper showing the excess amount for when they may be at risk.