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I have loss in a partnership on a K1. I do have basis on this investment (which is less than loss). I want to deduct up to my basis. Where to enter this in TurboTax?
Basis - around 17k
Loss this year - around 20k
Need instructions on how to deduct the 17k. Last year this was done (not in TurboTax) in a Schedule 1 Line 5 as a loss.
‎October 4, 2025
5:26 AM