https://ttlc.intuit.com/community/taxes/discussion/k1-losses/01/3582319#M1328950 <P>I had K1 losses in 2023 and in 2024 from form 1065.....but no passive income.&nbsp; When can I utilize these losses to reduce my tax liability?</P><P>&nbsp;</P> Wed, 19 Mar 2025 18:20:20 GMT NN15 2025-03-19T18:20:20Z https://ttlc.intuit.com/community/taxes/discussion/k1-losses/01/3582319#M1328950 <P>I had K1 losses in 2023 and in 2024 from form 1065.....but no passive income.&nbsp; When can I utilize these losses to reduce my tax liability?</P><P>&nbsp;</P> Wed, 19 Mar 2025 18:20:20 GMT https://ttlc.intuit.com/community/taxes/discussion/k1-losses/01/3582319#M1328950 NN15 2025-03-19T18:20:20Z https://ttlc.intuit.com/community/taxes/discussion/re-k1-losses/01/3582395#M1328951 <P><SPAN style="font-size:14px;">Passive activity losses will be recorded on </SPAN><A href="https://www.irs.gov/pub/irs-pdf/f8582.pdf" target="_blank"><SPAN style="font-size:14px;">IRS form 8582 Passive Activity Loss Limitations</SPAN></A><SPAN style="font-size:14px;">.</SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px;">The passive losses will be used when you report other passive income such as rent or royalty income.</SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px;">See also this </SPAN><A href="https://turbotax.intuit.com/tax-tips/rental-property/irs-form-8582-calculating-passive-activity-losses-for-real-estate/c71Jm0iM7" target="_blank"><SPAN style="font-size:14px;">TurboTax Help</SPAN></A><SPAN style="font-size:14px;">.</SPAN></P> Wed, 19 Mar 2025 18:39:35 GMT https://ttlc.intuit.com/community/taxes/discussion/re-k1-losses/01/3582395#M1328951 JamesG1 2025-03-19T18:39:35Z