Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Partnership K-1, Line 10 loss flow through to 4797 on Form 1040

deno11
Level 1

Client K-1, line 10 shows (51,976)

Form 4797 flow through from K-1 shows only (5346)

Why isn't it the same?  

Previous K-1, line 10 had ($505) and full loss flowed through to 4797.

I can't see why.  Please help me understand.  Thank you.  

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Comment 1
deno11
Level 1

I figured it out.  The loss is limited to passive income.  Thanks.

0 Cheers