- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Why doesn't my k-1 loss appear in turbo tax?
I received my K-1 last year after I filed my 2019 taxes, so I'm attempting to amend my 2019 taxes with the K-1. This K-1 is for the final 1041 return on the estate. It has about a $26,000 loss in the 11a box. This loss is from rental property if that makes a difference. However, in Turbotax it's just showing as $0 and not deducting anything. Shouldn't I be able to deduct the loss on my taxes since it's the final tax return for the estate?
March 7, 2021
3:52 PM