Here are the directions for entering your K-1 which it sounds like you've done. The income/loss from the partnership is still reported on Pg. 2 of the Schedule E. Follow these instructions and see if it shows up on Pg. 2 of Sched E and flows through to your 1040.
- In your TurboTax program, search for K-1 and select the "Jump to" link in the search results.
- This will take you to the Schedule K-1 and Schedule Q screen.
- Answer Yes and follow the prompts.
- We’ll ask some questions about your K-1, and then you’ll enter the data from the form into TurboTax.
