cpabsd Posted March 11, 2009 Report Share Posted March 11, 2009 I am having difficulty figuring out how to input the loss when it needs limited due to basis issues. The loss is $21000 but the basis is only $10,000. Please help on how to input into the software. :scratch_head: Quote Link to comment Share on other sites More sharing options...
Margaret CPA in OH Posted March 11, 2009 Report Share Posted March 11, 2009 I just learned that myself last week via this board. Input the K-1 data as it is and add Form 6198. It took a while to figure out that I had to complete the tab "Ln 11 - Investment" and "Ln 12 - Increases" after putting in Line 1 and line 9. When those were completed, the loss did not flow through to page 1 and it shows just right on the At-Risk Loss CO tab. Good luck! Quote Link to comment Share on other sites More sharing options...
cpabsd Posted March 12, 2009 Author Report Share Posted March 12, 2009 Thanks - I got it to work. I remembered seeing a post last week about it but could not find it. Quote Link to comment Share on other sites More sharing options...
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