PatriciaV
Expert Alumni

Business & farm

You can check this using Forms Mode in any version of TurboTax for Desktop.

 

  1. Open your return and click the Forms icon in the TurboTax header. 
  2. In the list of Forms in My Return on the left, scroll down and look for K-1 Partner [name of partnership]. 
  3. Click the form name to open it in the large window. 
  4. Scroll down below Line 21 to Section A.
  5. Check each column to see: 
    1. (a) this year's gain or loss, 
    2. (b) suspended losses from last year, 
    3. (c) net income/loss allowed this year, and 
    4. (d) the amount of losses suspended for this year.
  6. Section C shows a recap of what is reported on Schedule E.
  7. 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.
  8. 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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