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Get your taxes done using TurboTax
It depends. My example will be for a partnership 1065-K1. When you are in the K1 entry you must look for the screen with a checkbox. If it isn't checked then the page will not come up for your to enter your loss carryover.
- 'I have passive activity losses carried over from last year'
- Open your TurboTax return > Search (upper right) > Type k1 > Click the Jump to... Link > Select Yes > Start or Update beside your K1
- Continue to the screen noted above and make your selection
- Continue to the screen with the loses you need to enter
Watch for any specific instruction on each screen.
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March 27, 2024
6:17 AM