I've used Turbo tax since 1997 for my rental properties. I finally sold my rentals and filled out the sale information. Turbo tax entered on K-1 Line one ordinary income $0 and line 2 rental loss. For some reason, the 1040 individual (not business) audit keeps telling me to remove the K-1 line one zero and and the line 2 rental loss. If I remove the zero, it adds $24,000 to my tax liability. If I remove the rental loss, that also adds thousands of dollars. It almost sounds like it is not accepting most of the info on the form generated by turbotax 1065. ARe there issues with K-1?
