Skip to main content
Level 1
April 20, 2026
Question

I didn't use TurboTax last year. I have non-pass loss to report on a K-1 from 2024. It appears on Stmt 1 - Sch E, Page 2. Where do I enter this info for 2025?

  • April 20, 2026
  • 2 replies
  • 40 views
The partnership is still active, and this loss is appearing 1065K-1 for 2025.

2 replies

PatriciaV
Level 15
April 21, 2026

A non-passive loss carryover from Schedule K-1 would be entered in TurboTax during the Schedule K-1 interview. 

  1. Open your return and navigate to the list of K-1s in your return.
  2. Choose "Partnerships" and the K-1 you need to work on.
  3. Follow the interview and look for the page "Describe the Partnership" and check the box for "I have at-risk losses carrying over from 20XX."
  4. Continue to the page "Enter your at-risk carryovers..." with an embedded worksheet for Schedule K-1 At-Risk Limitations Allocation
  5. Enter your loss carryovers as negative numbers on the appropriate line from Form 6198 (if you have one). 
  6. On a subsequent page, you'll also see a table by year to allow you to report each year separately. Your entries must total to the amount you previously entered.
  7. Continue back to the list of K-1s to save your entries.
**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
Level 15
April 23, 2026

@noel-rydecki wrote:
 this loss is appearing 1065K-1 for 2025.

 

What KIND of loss is being carried to 2024?

 

If the loss is within the Partnership and mentioned on your K-1 from 2025, my first inclination is that the K-1 from 2025 already has it factored in and you don't need to do anything besides enter the K-1.  But if you can clarify what kind of loss carryover it was and the circumstances behind it, that will help figure it out.