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Section 987 Loss reported by Blackstone on k-1

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Level 3

Please let me know where to report section 987 loss ? The k-1 instructions do not mention this loss. I believe it involves a ordinary loss from currency exchange.

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3 Replies 3
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Level 15

Sch E page 2 sounds reasonable. How much can it be? My guy has a 1 loss.


ex-AllStar
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Level 3

if this is ordinary, then the instructions say Form 4797. If I confirm it is ordinary loss, I can enter in PS on the section line for ordinary loss and let PS do its magic.

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Level 3

only $2 loss

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