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Self employed
Thanks. I was able to do this, though initially, TurboTax did not show the negative Other Income entry canceling out the passive loss in the K-1 section. After playing around a bit (not even sure what I did), it eventually did so, so all is good.
I've noticed that more and more of my brokerage statements, including those for my children, are including 1099-MISC Other Income, so hopefully TurboTax will make handling this more straightforward. I guess it's not a widespread problem, as the issue only shows up with K1 passive income/losses.
‎April 6, 2025
6:23 AM