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Investors & landlords
The form does not have negative numbers. The numbers are deductions as noted on the form (as the K-1 allows "income, deductions, credits, and other income"). However when you try entering those numbers in TurboTax K-1 form, it considers anything entered there as income. There is no option to claim deductions. Possible solution could have been allowing negative numbers in TurboTax form or a check box that cclaims them to be deductions. Question was how do I claim these deductions in TurboTax using its Form.
‎April 10, 2023
2:16 PM