Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

I'm new to entering K1's and looking for articles and/or training to make sure I'm doing everything properly.

paul7
Level 2
All of the K1's I'm entering are for real estate limited partnership funds (all Passive). I'm currently trying to duplicate taxpayers 18' return before doing their 19' and I cannot get the Form 8582 or Schedule E to match up.  Any resources or guidance is much appreciated. Thank you!
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
George4Tacks
Level 15

https://proconnect.intuit.com/community/forums/searchpage/tab/message?advanced=false&allow_punctuati...

Click the middle column for the  articles.

It is pretty much by the numbers. There are line numbers on the K-1 and association line numbers in the entry areas. Match them up. 

For the 8582, you will need to look at the prior year return to get the carryovers. They are in At Risk Carryovers. You should also have a basis schedule and they are entered in the Basis Carryovers. 

 


Here's wishing you many Happy Returns

View solution in original post

2 Comments 2
George4Tacks
Level 15

https://proconnect.intuit.com/community/forums/searchpage/tab/message?advanced=false&allow_punctuati...

Click the middle column for the  articles.

It is pretty much by the numbers. There are line numbers on the K-1 and association line numbers in the entry areas. Match them up. 

For the 8582, you will need to look at the prior year return to get the carryovers. They are in At Risk Carryovers. You should also have a basis schedule and they are entered in the Basis Carryovers. 

 


Here's wishing you many Happy Returns
BobKamman
Level 15

Why are you sure the 2018 return is correct?  Maybe that's why they hired you for 2019.