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.

mike805
New Member

Entering my k1 to my taxes, trying to figure out . if my envestment losses are at risk

 
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.

1 Best answer

Accepted Solutions
MargaretL
Expert Alumni

Entering my k1 to my taxes, trying to figure out . if my envestment losses are at risk

Yes, most likely your investment IS at risk - it means you invested your money, loans, property in your trade/investments and you are responsible for their loss. 

You would not be at risk if you had not been responsible for the loss of your loans for example. Let's say you took out a nonrecourse loan - it means you don't have to pay it back if you default on it... that would make you NOT at risk for that amount.

View solution in original post

1 Reply
MargaretL
Expert Alumni

Entering my k1 to my taxes, trying to figure out . if my envestment losses are at risk

Yes, most likely your investment IS at risk - it means you invested your money, loans, property in your trade/investments and you are responsible for their loss. 

You would not be at risk if you had not been responsible for the loss of your loans for example. Let's say you took out a nonrecourse loan - it means you don't have to pay it back if you default on it... that would make you NOT at risk for that amount.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question