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I am unable to populate UPE on Schedule E line 28 even after I entered UPE expenses on link to K-1 worksheet line 20 or in Supplemental Business Expenses worksheet.
Self-employment tax base was calculated properly where UPE reduced the self-employment tax but the amount on Supplemental Business Expenses worksheet would not carryover to Schedule E line 28 to reduce the income from partnership.
Does anyone have this issue with Proseries or did I do anything incorrectly?
Thank you in advance for sharing your solutions!
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Is the box on Line "G" checked for "Limited partner or other LLC member"?
If so, does it work correctly if you change it to General Partner?
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Hi TaxGuyBill,
The Line G is currently checked for "General Partner or LLC Manager.
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Hi TaxGuyBill,
I found the solution. My K-1 worksheet Line 1 "Materially" participated wasn't checked. After I checked it, Schedule E Line 28 works properly now.
Thank you so much!
