I am unable to populate UPE on Schedule E line 28 even after I entered UPE expenses on link to K-1 worksheet line 20 or in Supplemental Business Expenses worksheet.
Self-employment tax base was calculated properly where UPE reduced the self-employment tax but the amount on Supplemental Business Expenses worksheet would not carryover to Schedule E line 28 to reduce the income from partnership.
Does anyone have this issue with Proseries or did I do anything incorrectly?
Thank you in advance for sharing your solutions!
Is the box on Line "G" checked for "Limited partner or other LLC member"?
If so, does it work correctly if you change it to General Partner?
Hi TaxGuyBill,
The Line G is currently checked for "General Partner or LLC Manager.
Hi TaxGuyBill,
I found the solution. My K-1 worksheet Line 1 "Materially" participated wasn't checked. After I checked it, Schedule E Line 28 works properly now.
Thank you so much!
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