Returning Member

Business & farm

Nexchap, thanks for the reply.


This is a case where there is no income/gain anywhere on the K-1.  Box 11 is blank.


So my question is about how TurboTax has assumed that if Form 4797 Part 1 has an entry for a passive loss, then it automatically populates Part 2 with an ordinary loss.  If there is no gain, then a Sec 1231 passive loss is a carryover item for next year, and there should not be a current deduction flowing up to the 1040.


Is there a way to keep TurboTax from automatically filling in Form 4797 Part 2 when Part 1 is a passive loss?