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

Section 987 Loss reported by Blackstone on k-1

jgcpa
Level 4

Please let me know where to report section 987 loss ? The k-1 instructions do not mention this loss. I believe it involves a ordinary loss from currency exchange.

0 Cheers

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

3 Comments 3
sjrcpa
Level 15

Sch E page 2 sounds reasonable. How much can it be? My guy has a 1 loss.

The more I know, the more I don't know.
jgcpa
Level 4

if this is ordinary, then the instructions say Form 4797. If I confirm it is ordinary loss, I can enter in PS on the section line for ordinary loss and let PS do its magic.

0 Cheers
jgcpa
Level 4

only $2 loss

0 Cheers