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

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?

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1 Best answer

Level 15

Oct 5, 2022 6:29:48 PM

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.

Level 15

Oct 5, 2022 6:29:48 PM

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.

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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