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