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UPE not carryover to Sch E Line 28

Summer2021
Level 4

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!

 

 

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3 Comments 3
TaxGuyBill
Level 15

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?

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Summer2021
Level 4

Hi TaxGuyBill,

 

The Line G is currently checked for "General Partner or LLC Manager.

 

 

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Summer2021
Level 4

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!