@maynard7 Some items on the K-1 are reported in the year they occur (e.g., interest income). Other items are considered passive and are suspended until passive income is generated. So you'd have to sum all the passive items on the K-1, and if the total is negative the net would be suspended to the next year. Given the complexity of K-1s, you'd have to work through it line by line to see which is which.
Two possible workarounds: 1) you can still buy TT for prior years which would allow you to enter the K-1s, and see what TT does with each line item. 2) Alternatively, you could try entering them into this year's version (one at a time, in a new file), and see what gets suspended. But note that line numbers can change each year, so you'd have to be careful about getting income into the correct spots.
dfg
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
