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Retirement tax questions
TaxPro+40, thank you for the answer. I see the Schedule 1 now. Unfortunately, the amount there is $0. My K-1 has $0 in Box 1 and $-7,814 in Box 2. In previous years of using TurboTax, I would have entered two K-1's, one for Box 1 and the other for Box 2, then only list the amounts for Boxes 4-20 on one of the K-1's. Since there was no income or loss in Box 1 this year, I only entered one K-1. Should I delete the K-1 and start over by entering two K-1's in TT? I would think that with a net real estate loss of $7,814 in Box 2, that this amount or some other loss amount should transfer to Schedule 1. My Schedule 1 Line 17 is showing $0. This is not a publicly traded partnership, BTW. And my money is at risk and I did contribute capital to the partnership.
‎June 1, 2019
1:32 PM