PatriciaV
Expert Alumni

Get your taxes done using TurboTax

1) Enter the information for Box 10 on the first copy of Schedule K-1 only. Leave the other copy blank for Box 10.

 

2) Yes, your Box 1 ordinary loss carryover is the amount on Form 8582 page 2 Part V column (c) on the row for this investment. This is a cumulative number, which is all you need. In most cases, you won't have an amount for Box 2a.

 

The transfer of carryovers from last year was unsuccessful for some TurboTax users. If you have a PDF of your prior year return, look for the Schedule E worksheet for this K-1. The carryovers are shown under Section A of that worksheet. You should be able to confirm the amount from Form 8582 is the same as what is shown on the K-1 worksheet.

 

See also: How do I get a PDF of my return?

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