Hi,
I have a k-1 from a real statel company of which I own a 30%.
The company main activity is real state rental
The company had losses this year and I received a k1
All my investment is "at risk" and is much greater than the losses
When I enter the K1 information in Turbotax, the summary of my income shows this line (schedule K-1) as "0" and it does not make a difference on my taxes. Since this is a pass through entity should't I see a "loss" equal to the amount in the K1 form?
Thanks
