If you are reporting a loss on a rental operation it is likely it is considered a passive activity and the loss is restricted to passive income. If it's not a rental activity, or if it qualifies as active participation based on the real estate professional rules, you may have accidentally not marked the activity as materially participating.
To correct this in TurboTax Online you can follow these steps:
- Within your tax return click on Wages & Income in the menu bar on the left
- Scroll down to your Schedule K-1 and click Edit/Add
- Click Update for your Partnership K-1 and Edit for the partnership you need to verify or change
- Go through the interview and verify that your responses are correct to all the questions regarding the boxes you have information for and your participation in the partnership
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