PatriciaV
Employee Tax Expert

Get your taxes done using TurboTax

You can fix this using Forms Mode if you're using TurboTax Desktop.

 

  1. Open your return and click the Forms icon in the TurboTax header. 
  2. In the list of Forms in My Return on the left, scroll down and look for Info Wks near the top. 
  3. Click the form name to open it in the large window. 
  4. Scroll down to Part VI - Real Estate Professionals and check the "Yes" box.
  5. Now find K-1 Partner for the related activity.
  6. Confirm that the first box under Line 2 is checked: "Materially Participated."
  7. Find Schedule E, pg 2, and confirm that the loss is shown under Part II Line 28 (i) Nonpassive Income and Loss.
  8. Click Step-by-Step in the header to return to the main screens.

@joannabanana6 

@Kas1244 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post