You may be able to enter this loss directly on the K-1 Partner Worksheet for your closed S-Corp using Forms Mode.
If this is a suspended loss from a prior year, enter the amount as a negative number under Section A of the worksheet, Row 1(a) Column (b) and under Section B (AMT), Row 1(a) Column (b).
Note any red boxes on the worksheet, which will need to be corrected in order to file your return. Click the Errors icon above the list of form in your return to open a message box under the open form. TurboTax will display the issue and a possible solution.
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