I receive K-1s in connection with some property investments I have made as an investor in LLCs. Some show interest income. Some show rental income. Some appear to have shown proceeds from sale of business property, presumably related to the sale of the underlying asset.
It seems some of the gains were offset against loss carryforwards and some of the losses were offset against current income from other than passive sources.
Is there anyway to guestimate these figures when doing projections and planning for 2019?
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Any future year projections should be done by using the prior year downloaded/CD version ...
This is my mini version of a tutorial that should be in the downloaded program:
Forms Mode lets you view and make changes to your tax forms "behind the scenes."
If you're adventurous, you can even prepare your return in Forms Mode, but we don't recommend it. You may miss obscure credits and deductions you qualify for, and you may forget to report things that will come back and haunt you later.
Forms Mode is exclusively available in the TurboTax CD/Download software. It is not available in TurboTax Online.
If you want to play around with different figures and tax scenarios without affecting your original return you can ….
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If you make changes to your original tax return file, repeat these steps to ensure your original and backup copies are in-synch.
GEN85508
Answered by TurboTax FAQ to this question
AND save it as a PDF so you have access to a copy even if you don’t have the program still installed and operational :
AND protect the files :
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