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.
Solved! Go to Solution.
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.
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