K-1 flow to form 8582

[beshelton7]

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?

[msmith7305]

PTP income and loss does not go to Form 8582

[beshelton7]

Where does the Loss in box 1 and box 2 on the K1 go on the 1040?

[msmith7305 · Accepted solution]

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.