jjpuw06
Returning Member

How do I answer the TurboTax questions for a Schedule K-1 (with a negative amount) to have it reduce my federal tax due?

I'm trying to file the 2019 Schedule K-1 (Form 1065), return of Partnership (with my 1040), this is the first year the LLC existed. I can get my taxes due reduced in other programs, but cannot figure it out in TurboTax. Does TurboTax support net rental real estate income loss?