Why doesn't K-1 information appear on the income s...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
joanne-wortman
New Member

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.
3 Replies
tagteam
Level 15

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
New 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

MaryK1101
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"
Dynamic AdsDynamic Ads
v
Privacy Settings