RobertB4444
Employee Tax Expert

Get your taxes done using TurboTax

The amount in box 1 of your K-1 should represent regular income loss.  If you have a stock sale loss that should be reported in the box related to long or short term capital gains and the stock basis should have no effect on the box 1 amount.  You need to be using the schedule D and form 8949 for whichever corporate tax form you are filing.

 

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