How do I transfer partnership net income to Form 8582? Filer and spouse both have K-1s, passive losses for both transferring to 8582, but only income from one

Forum|Forum|4 years ago
April 23, 2022
1 reply
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The Partnership is 50/50 for taxpayer and spouse

ProConnect Tax

This topic has been closed for replies.

itonewbie

Level 15

Deleted...

---------------------------------------------------------------------------------Still an AllStar

itonewbie

Level 15

Check how you coded the spouse as active or passive partner and the type of income that's not flowing. Checking Sch E, page 2, should also give you a clue.

If you could us more info about what you have entered and what you are seeing, we could then give you a better answer.

---------------------------------------------------------------------------------Still an AllStar

L

laur730Author

Level 2

I've now coded both taxpayer and spouse as non-passive, added net rental income to both K-1s, then added losses in the basis carryovers section. There are prior year unallowed losses (8582, line 1c) and prior year passive losses (8582, line 2c). When I add the passive c/o, it seems to make all the active participation information disappear. Sched E p2 is just showing passive income and loss totals, but not pulling the specific partnership info.

What am I doing wrong? (First year I'm using the ProConnect software, so user error is definitely a possibility!)

Thanks in advance.

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