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I talked with people at Turbotax in the early years. The first year I owned ET, I did not create separate K-1s for each of the entities reporting on the ET K-1. After talking with members on this board, I broke it into multiple K-1s. I was getting errors due to the Section 199A entries, and the CPA I talked to told me those numbers did not affect my return, so I could delete them.
Below is an image of my 2020 K-1. Which values correspond to Line G, Operating Loss and which numbers correspond to Line L, Form 4797 long-term losses? If I need to calculate this number, how do I do it?
Thanks for your help. BTW, last year I paid for CPA assistance and I think I have received more clear answers from community members.
