So I put the UPE on Schedule E- Supplemental Business Expenses Worksheet, but it doesn't carry forward to the schedule E, pg 2 as UPE in the loss column, like it has in years past. Have i missed a change in the tax laws?? It flows thru to the Schedule SE properly..
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Did you check the "Materially Participate" box? That is what triggers it for me.
If I don't check that box, it just reduces the profit (or increases the loss), rather than showing a separate entry as a loss.
Did you check the "Materially Participate" box? That is what triggers it for me.
If I don't check that box, it just reduces the profit (or increases the loss), rather than showing a separate entry as a loss.
Winner Winner!!!
Thanks so much!!
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