Thanks for replying - I have already done as you describe (purchase TurboTax business, create a partnership filing, receive partnership k-1 at S-Corp, receive personal K-1 from S-Corp). TurboTax business spits out the Scorp k-1 with losses in boxes 1 and 2. If I only report box 1, is that because the loss basis reported in box 2 stays at the S-Corp level and doesn’t flow through to personal?
