cyrilcb
New Member

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.