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Two passive loss K-1s

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Two passive loss K-1s

MarcBCPA

Lacerte says that a return with two or more K-1 losses cannot be filed electronically due to system limitations even though this was not an issue in 2021 or 2022.

Why anyone would use Lacerte is beyond me. 

 

Status: New
0 Votes
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3 Comments
sjrcpa
Level 15

Is this for a state?

Or 1 K-1 with losses on Lines 1 and 2?

Or what?

abctax55
Level 15

Then I'm going to be in big trouble come October with my client that has 40 +/- K-1's with PAL's

IRonMaN
Level 15

Me thinks the pilot is having problems reading the instrument panel.

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