@DragomirP If you have a Passive Loss Carryover amount from an prior year K-1, for the losses to be allowed, you must dispose of your entire interest in the activity in a transaction in which all realized gain or loss is recognized.
The actual carryover loss is reported on Form 8582. You can post a Final K-1 for 2020 with your carryover or you can Amend Your Prior Year Return to report a Final K-1.
You will need your worksheets for Form 8582 to report type of income the carryover loss applied to.
Click this link for more info on Entering K-1 Carryover Loss.
Depending on the type of K-1 activity, click this link for detailed info on Claiming Prior Year Passive Activity Losses on K-1.
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