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New Member
posted Jun 1, 2019 5:41:46 PM

Loss in Box 1 of Sch K-1, 1065. It is the Final K-1 for this partnership, and thus passive losses are deductible. Why is the loss not showing up?

The loss is not showing up in the income summary.

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1 Replies
New Member
Jun 1, 2019 5:41:47 PM

Go to the "Forms" in the upper right corner of the screen.  On the left side, scroll down to the K-1 with your partnership listed,  Select it.  Scroll through the form until you see the words "FINAL K-1".Check this box.  

This worked for me, and also corrected the resultant limitation on my rental property losses.