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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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‎January 12, 2023
1:16 PM
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