How do I list $3000 in yearly losses from brokerage account (I have K-1) ?

[Giants297]

I'm using Turbotax and don't see a reference to where I can reduce my income by $3000 of stock losses, per K-1 form. Where do I take this deduction?

[tagteam · Accepted solution]

Are you sure you have a K-1? If so, you need to upgrade to the online version of TurboTax Premier in order to enter the information from your K-1.

See https://turbotax.intuit.com/personal-taxes/online/

Note that you can use any desktop (installed) version of TurboTax for that purpose.

[Anonymous]

the K-1, if your trading through a partnership or S-Corp should reflect the capital loss.