Part I, Line 5 – It appears this amount is mapped from K-1 Analyzer, but the amount is not subject to passive activity loss limitations. This amount should consist of allowed passive income or losses from Schedule E, subject to limitations calculated through Form 8582. In addition to the passive activity, line 5 includes interest income, dividend income and other portfolio income items. With the mapping within the K-1 Analyzer we can breakout the portfolio items, but does C-TRAC calculate allowable passive income and loss? See additional comments related to this matter under Form 8582.
