Passive loss? No basis?
Thank you for answering. This K-1 is for office rentals and on is showing a loss but when I input it
to his return it doesn't show anywhere.
How much is their AGI
$251,000
makes too much for passive rental loss
...it doesn't show anywhere.
Take a look at Form 8582, and the 'general info' (that is what it is called in Lacerte...) that divulges unallowed passive loss carrovers.
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