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acommi01
New Member

I have a long term loss which did not impact my return. I have no other losses. Should a k1 partnership long term loss be entered on a capital loss form?

i entered my loss from box 1 of the k1 recieved.  no other part iii boxes have values.

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1 Reply
RichardG
New Member

I have a long term loss which did not impact my return. I have no other losses. Should a k1 partnership long term loss be entered on a capital loss form?

You should only enter information on a Form K-1 once, on the K-1 entry form in TurboTax.  The software will distribute the information to the other relevant tax forms automatically.  If you have no gains to offset the loss in 2016, the loss will carry forward to next year. 

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