Yes, you will need to keep track of your passive activity and at-risk losses from year-to-year. This information is not included on Schedule K-1 because these losses relate to your investment and are not partnership activity.
TurboTax includes Form 8582 that tracks Passive Activity Losses. The information you enter for Schedule K-1 is included on the K-1 Partner worksheet. In most cases, TurboTax will bring this information into next year's return for you to review.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
