RobertB4444
Expert Alumni

Get your taxes done using TurboTax

@voni39  Your tax return shows a nonpassive loss from your K-1.  

 

If you actively participated in the operation of this S-Corp then your loss is not limited.  So everything on your return looks correct.  

 

If you did not actively participate in the operation of the S-Corp then you need to re-enter the K-1 and tell the system that you did not actively participate and that this is a passive investment.

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