Question
Unable to Take Real Estate Losses from Imported 1065 K-1 on Building Depreciation (Form 1040)
Taxpayer is amending form 1040 based on a revised K-1 from a 1065 for additional real estate depreciation as a result of a cost segregation study.
The 1040 is not allowing the loss. I understand it could be a basis or capital account issue, but cannot confirm.
What are some of the buttons / checkboxes / considerations that would prevent the loss from flowing through?
