tammie
Level 3

Client has a 1120S with a K-1 showing an ordinary income loss.   The loss is not transferring to the Other Income on the 1040.  I compared another client with the same type of K-1 with a loss and his shows Non-Passive in section A of the K-1 data entry screen.  The other client shows Passive.  I did not enter that data and I cannot see how to change it. The client I am working on now is Non-Passive and so the loss should transfer.  What am I missing here?  Any help is appreciated

0 Cheers