Question

Smat Check says Answer one of the A, B and C of Allowed Passive Credits in Publicly Traded Partnership Worksheet

Forum|Forum|1 year ago
September 8, 2024
2 replies
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I am done with my 2023 taxes but Turbotax's Smart Check seems to disagree. It is firing one alert saying I need to fill up at least one of the options. I have attached the screen shot of the question. Not sure how to answer it. Form 3800 has all these lines empty.

A

Anonymous_

Employee

No text available

M

Mike9241

I can't get items you are showing in desktop 1040. it may help me if you identify the code letter for the line 15 credit from the k-1, whether you disposed of your entire interest in the PTP in a taxable transaction, and whether you are in AMT. Not sure even with this info i can help. Do note that line A does say to enter the amount from form 3800 line 3. if 3800 line 3 is empty that's the same as zero.

S

shah123Author

Line 15 has two codes AJ and ZZ and both have 0 entered.

>>> whether you disposed of your entire interest in the PTP in a taxable transaction, and whether you are in AMT.

Not sure what this means, but this is for an oil stock that I own and they send me this K-1. I haven't sold any of the shares in the entire 2023 year.

So I am thinking I enter 0 in the first box and call it a day?