PatriciaV
Employee Tax Expert

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.

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