- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No, you don't need to report this K-1 loss again after this year. TurboTax will carry the loss forward to future years and try to offset other income when allowed. The carryover amount is shown on Form 8582 page 2.
If you had no other income this year to offset the K-1 loss, the entire amount will be carried forward.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 22, 2024
11:43 AM