tax newbie1 Posted March 30, 2009 Report Posted March 30, 2009 I have a client that transferred his personal rental property reported previously on Sch. E to an LLC. The newly form LLC is owned by a LP. My client and his wife each own 50% of the LP. They have about $10K losses that they can not take because their AGI is over $300K. So for this year, I file a partnership return for the LP and the rental property is reporting on the form 8825 for them. My question is where in ATX software can I keep track of the passive loss carry over from Sch E to the 1065 form? If they decide to dispose the property in the future, ATX can calculate it properly. Thank you for your help Quote
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