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Get your taxes done using TurboTax
If you did not materially participate in the business generating the K-1, then the loss is considered a passive loss. Therefore, showing $0 next to the K-1 section is appropriate.
You should see the loss reported on Form 8582, which you can view using the Forms button at the top of the screen.
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March 16, 2025
6:47 AM
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