How to choose to carryover losses instead of K-1s on Turbotax business

[greenwayX]

I can only see the option of issuing K-1s for LLC partners, however, the partners agreed on carrying over losses to next year (NOL). Please advise on how to carry over losses instead of pushing it to partners via K-1s.

[Anonymous_]

You really should consult with a local tax professional (this is very basic knowledge).

See https://taxexperts.naea.org/listing/service/partnerships

Partnerships/Multi-member LLCs do not have NOLs. Rather, they pass through any net losses to their partners/members. 

[AliciaP1]

Income and Losses are passed through to partners each year of operations.  Whether or not a partner qualifies to claim the loss in the current year or if it has to be carried forward is based on each partner's individual return.  This is not an election the partnership has the right to claim.