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I have losses from partnership real estate company on my schedule k-1. But I am not getting any deduction for it in my taxable income. TurboTax enters it as $0
My total gross income is 129000 for the family (wife and I). I have 4,600 loss reported on my schedule K-1 and have a 50% limited partnership. Also, selected this investment “at-risk limitations”. But Turbo Tax enters it as $0, I don't see any deduction for this losses anywhere.
March 29, 2020
6:10 PM