Munzer1
Returning Member

Get your taxes done using TurboTax

1) That may be true. In that case I was expecting TT to put 0 (zero) in 1040 in the appropriate line. Without that there is no way for me to tell if TT processed all my entered data in K-1.

 

2) For now if I assume TT has processed my losses but the loss is not deductible this year, may be next year. In that case, next year when I file the tax using TT, would then TT will take into account all carry forward loses?