Hello -
I received K1 in 2019 from my investment in REIT (Partnership). I received X amount of passive loss that i could not claim in 2019. I need to carry over that loss to this year's (2020) return using online turbo tax.
How do i do this manually? I tried "Net Operating Loss QBI Carryforward Loss " but that does not seem like a right place. There is no way to indicate passive income anywhere.
Here is a screenshot of my last year K1 where I have loses to carry forward.
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When you enter your K-1 schedule, you will see a screen that says Describe the Partnership, on which there is a option that says I have passive activity losses carried over from last year, that is where you can enter your prior year passive loss carryovers:
When you enter your K-1 schedule, you will see a screen that says Describe the Partnership, on which there is a option that says I have passive activity losses carried over from last year, that is where you can enter your prior year passive loss carryovers:
Thank you very much. This was helpful. I missed this option.
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