If I have a K1 loss do I need to claim it or can it carry forward

[CTP]

I have a K1 loss from a business and I have other income from dividends.  The loss really does not impact my tax situation.  Can I choose not to apply the loss against my dividend income and save it for a future year with more business income?

[DavidD66]

If your K-1 loss is from a passive activity, you won't be able to realize the loss until you have passive income or sell the investment.  You loss will carry forward, but only if you report it on your tax return in the year it occurred.  So yes, you need to "claim it".