turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

vjcatal
New Member

We have a 2 member LLC. Our K-1's indicate each a $21,600 loss in Box 2 when that information is entered into our 1040, the loss only shows a total of $12,100.

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

We have a 2 member LLC. Our K-1's indicate each a $21,600 loss in Box 2 when that information is entered into our 1040, the loss only shows a total of $12,100.

There is more to the K-1 than just one line ... what are the other entries ? What is in boxes g - m ? Do you have any basis ?

We have a 2 member LLC. Our K-1's indicate each a $21,600 loss in Box 2 when that information is entered into our 1040, the loss only shows a total of $12,100.

There is more to the K-1 than just one line ... what are the other entries ? What is in boxes g - m ? Do you have any basis ?
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies