trw4879
Level 3
09-15-2022
11:02 AM
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Hi all - I'm a bit stumped on this one. Is there an at-risk limitation input on the 1120-S for partnership K-1 losses? (S-Corp owns a partnership with losses). I can't seem to figure out how to limit the losses produced by the K-1 at the S-Corp level. Thanks.
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sjrcpa
Level 15
09-15-2022
12:37 PM
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You'll need to enter only the allowable loss in the software. Keep a workpaper showing the excess amount for when they may be at risk.
Ex-AllStar
