All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

Posts: 2
Registered: ‎02-21-2018

K-1 Line 13 - "W-Other Deductions"

Hi - I have a K-1 that shows some real estate income in line 2 (e.g., 5,000) and a larger deduction (for depreciation) in line 13 - code 'W' (e.g., 12,000). It is all passive, so I can't deduct anything, but I would expect the deduction to wipe out the income and I should see the following on form 8582:

3a (income) - 0

3b (loss) - 7,000

The loss would then be carried forward to another year.


Instead, I am seeing:

3a (income) - 5,000

3b (loss) - 0


So - it is not acknowledging the 12,000 I entered in line 13.


How do  I get the program to recognize this and show it properly?


Thanks very much.