Solved
How to enter a partnership K-1 with box 23 checked?
The client has an interest in a PTP that reports income and losses from three lower-tier PTPs. As I understand, losses from the K-1 should be subject to one basis limit but three separate passive activity limits for the three activities. I've looked all through the K-1 screen in Lacerte, and I cannot find a way to enter this so the software applies the limits correctly. Any and all help is appreciated.
