TaxGuyBill
Level 14
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@CHASSOCIATES wrote:

total Loss and deductions applied against stock basis $90,365.

the loss was carryforward from 2019 was $87,941

Suspended Losses $86,811 (2019)

 


Have you figured out what the three different numbers mean?

 

I don't quite remember if there is a place in ProSeries to enter it or not.  I have stuck in my mind that you need to enter an entire new K-1 worksheet, but only enter the allowable carryover loss, and rather than the name of the corporation you call it "PYA" (use the actual EIN though).

 

 

 

0 Cheers