Get your taxes done using TurboTax

Thanks for the info. It appears that's just a way to transfer data from one to the other but requires purchasing the download version after already having purchased the online version. I guess I maybe messed up by paying for the online version before I knew I had everything completed correctly.

 

Fortunately, I figured out a workaround to my problem. I was able to enter a second K-1 named PYA (with the same EIN) which had the carryforward loss as its amount. That gave me the same net result but with the two separate lines on Schedule E as required. I'm a bit disappointed with TurboTax. That should have already been a provision in the software or there should have been clear instructions to that work around. I have to think that's a fairly common occurrence to have a carryforward S-Corp loss.

 

Anyway, thanks for the help!