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Business & farm
You can check this using Forms Mode in any version of TurboTax for Desktop.
- Open your return and click the Forms icon in the TurboTax header.
- In the list of Forms in My Return on the left, scroll down and look for K-1 Partner [name of partnership].
- Click the form name to open it in the large window.
- Scroll down below Line 21 to Section A.
- Check each column to see:
- (a) this year's gain or loss,
- (b) suspended losses from last year,
- (c) net income/loss allowed this year, and
- (d) the amount of losses suspended for this year.
- Section C shows a recap of what is reported on Schedule E.
- Note that amounts in a green font were transferred from you prior year return. Blue font is current year. Black font represents a calculated number and cannot be changed.
- Click Step-by-Step in the header to return to the main screens.
If you're using TurboTax Online, you can print/preview the forms and worksheets in your return following these instructions: How do I print a copy of my TurboTax Online return before filing?
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March 18, 2025
12:26 PM