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flin1905
New Member

Error on K-1: entering Passive Operating Loss

I am using Turbotax online for Windows.

 

During Federal Review Step, I get a prompt that indicates "Needs Review". When I go to "fix", I'm taken to 

one of my K-1 worksheets

 

I'm instructed to enter a Passive Operating Loss.

1) Not sure why is wasn't automatically calculated?

2) Unfortunately, no matter what I enter, after I click continue, I'm taken right back to the same place on the same K-1 worksheet. 

 

I've seen other post this issues over a month ago some have indicated entering "0" worked for them. I've tried entering 0, I've entered other values that I calculated, but it just keep getting sent back to the worksheet with instructions to enter a Passive Operating Loss.

 

I was able to skip this step and then continue with State return, but final review step returns the same "Need to Review" so I'm unable to submit my taxes. Have others found a fix???

 

Any suggestions?

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1 Reply
PatriciaV
Expert Alumni

Error on K-1: entering Passive Operating Loss

Occasionally, prior year passive loss information is not transferred to a current year return. The solution is to enter zero on all lines. It may seem that Smart Check is asking the same question again, but it's actually populating a multi-line table on the K-1 worksheet. Keep entering zero until the message clears or the review moves to a different topic.

 

In case this is browser-related, log out of TurboTax Online, refresh your browser, and clear your cookies and cache. Then restart your browser and log into TurboTax again. Or try a different browser. 

 

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