@sgpember2019 wrote:
The K1 Non-Passive Loss was reflected on my personal filing and my AGI was also negative. With that said, my personal AGI for 2017 was heavily negative so I know that some amount can be carried over, just not sure how to calculate that loss on my personal filing for 2018.
It sounds like you probably have a "Net Operating Loss" (NOL) on your personal tax return. That does not affect how you report things in connection with the corporation.
For the NOL, unless you filed the election on a timely filed 2017 tax return, that must be carried BACK to 2015, and you would need to amend your 2015 tax return to claim that.
However, TurboTax does NOT calculate NOLs, so you may want to go to a tax professional for this.
