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10311: 1040 - Prior Unallowed Passive Operating Losses


1040 Individual Data Entry

How can I enter prior years unallowed passive loss in a 1040 return?

 

You would enter a prior year unallowed passive operating loss in the Prior unallowed passive operating box located on the activity to which it applies, such as the:

  • C screen for a Schedule C loss
    • Starting in Drake19, the Prior unallowed passive operating box is located on the Carryovers/State Info tab.
  • E screen for a Schedule E loss 
  • F screen for a Schedule F loss
    • Starting in Drake19, the Prior unallowed passive operating box is located on the Carryovers/State Info tab.
  • K1P screen for a loss reported on a K-1 from a Partnership
  • K1F screen for a loss reported on a K-1 from a Fiduciary
  • K1S screen for a loss reported on a K-1 from an S Corp

Other data entry points are located on screen E2 - Partnerships and S-Corps, and screen E3 - Estates and Trusts. On both screens, the data entry points are located under the heading of Passive Activity Information.


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