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kramyou1
New Member

K-1Real Estate loss from 2021 does not show up on tax return to carry forward

in 2021 I purchased part in Real estate LLC. Net rental loss on K-1 does not show up on my tax return to carry it forward my passive losses.

I also purchased another rental property in 2021, only losses from that rental do show up on my 2021 tax return.

Can someone let me know why my LLC losses do not show up and add up together with my own rental losses? 

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2 Replies

K-1Real Estate loss from 2021 does not show up on tax return to carry forward

Just checking ... are you saying NOTHING shows up on Line 28 of Schedule E?

 

If something is showing up there, which column(s) is the amount in (column g, h, i, k or k)?

K-1Real Estate loss from 2021 does not show up on tax return to carry forward

look at the schedule for form 8582 where the carryover is calculated part VII. The carryover amount for the k-1 should appear in section A which is towards the bottom. However, I noticed that this year Turbotax seems to have a problem in transferring some of last year's data. I had a 1099R which was not indicated as do not transfer to next year dis nit transfer to 2025 while another did.

 

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