Screen K1-4 - 1065 and 1120S Pass-Through Passive Activity (1041)

Passive Activity Information

In the
Carryovers
fields, enter the prior-year suspended losses as positive amounts for both Regular and AMT amounts. If there is no carryover amount, leave the fields blank.
Passive activity code
Enter the appropriate passive activity code. Choosing codes
1
and
2
will treated the activity as passive. Choose code
3
to treat the passive carryover as nonpassive.
Aggregation group
If this activity is part of an aggregated group, enter the aggregation group number. Units with the same aggregation group number report as one item on the statement worksheets for Form 8582. All of the entities in an aggregation must have the same passive code.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close