K-1

I bought Turbotax deluxe 2024. Can I use this version to enter a LOSS from a K-1 and spread it over multipule years?

posted

Yes, you can enter the Form K-1 in the Deluxe version of TurboTax. The loss can be carried over to future periods if not deductible in the current year. You will see the K-1 entry under Business Items in the Wages and Income section.

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During the review, it says that depreciation amount is wrong but there is no way to fix it through TurboTax. This is automatically degenerated, i did not enter this amt

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