Your S-Corp loss coming from a Schedule K-1 is transferred to line 5 of Schedule 1 of your form 1040.
If you are using TurboTax Desktop. switch to Forms mode and check that line 5 of Schedule 1 of form 1040 is populated with a negative number.
If you are using TurboTax Online, you can preview your form 1040 by following these steps:
- Open your return
- In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools
- On the Tools Center page, click on View Tax Summary
- In the left-hand column, click on Preview my 1040
- Your form 1040 will display.
- Scroll down to line 5 of Schedule 1 and you should see a negative amount on this line.
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