turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Why doesn't K-1 information appear on the income summary after it is entered?

It only put the name of the trust on my Schedule E and the dollar amounts are blank.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

Why doesn't K-1 information appear on the income summary after it is entered?

On which lines did your K-1 have entries?

Traderthom
Returning Member

Why doesn't K-1 information appear on the income summary after it is entered?

I entered my K-1 information from line 2 as a loss of -$6036 as required.  When I finished, the income summary page did not update with this information it remained at zero.  I checked last year and it was fine.  What changed? ideas?  Seems like a bug to me.

Thanks

Thom

MaryK4
Expert Alumni

Why doesn't K-1 information appear on the income summary after it is entered?

Usually, you must check your entries to be sure that you checked material participation so the passive activity rules do not apply.  The passive activity rules limit business losses that can be claimed but they do carry forward.

@Traderthom

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies