tax newbie1 Posted March 30, 2009 Report Share Posted March 30, 2009 I have a client that transferred his personal rental property reported previously on Sch. E to an LLC. The newly form LLC is owned by a LP. My client and his wife each own 50% of the LP. They have about $10K losses that they can not take because their AGI is over $300K. So for this year, I file a partnership return for the LP and the rental property is reporting on the form 8825 for them. My question is where in ATX software can I keep track of the passive loss carry over from Sch E to the 1065 form? If they decide to dispose the property in the future, ATX can calculate it properly. Thank you for your help Quote Link to comment Share on other sites More sharing options...
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