How do I list a business loss for non-real estate professional from K-1? I was told that it goes on page 2 of Schedule E, but I can't figure out how to do that in TT

[shannondorvall]

The schedule E on TT will only allow me to choose either rental income or royalty income/loss.   It is standard professional business loss from a 1020S/K-1, but I can't seem to access Part II of Schedule E.   Does it go somewhere else?

[Anonymous_ · Accepted solution]

It will appear in Part II of Schedule E, but you will not enter the figure in that section.

Rather, you simply need to enter the information from your K-1 into the program which, in turn, will cause the proper figure to propagate to Part II of Schedule E.