https://ttlc.intuit.com/community/taxes/discussion/if-i-have-a-k1-that-was-negative-for-the-year-do-i-need-to-file-with-my-personal-taxes-and-if-so/01/2106506#M758176 Business taxes are already filed so i am just doing my personal do i still need self emplyment software of can i do the online edition Thu, 18 Mar 2021 22:03:04 GMT bethany-johnson5 2021-03-18T22:03:04Z https://ttlc.intuit.com/community/taxes/discussion/if-i-have-a-k1-that-was-negative-for-the-year-do-i-need-to-file-with-my-personal-taxes-and-if-so/01/2106506#M758176 Business taxes are already filed so i am just doing my personal do i still need self emplyment software of can i do the online edition Thu, 18 Mar 2021 22:03:04 GMT https://ttlc.intuit.com/community/taxes/discussion/if-i-have-a-k1-that-was-negative-for-the-year-do-i-need-to-file-with-my-personal-taxes-and-if-so/01/2106506#M758176 bethany-johnson5 2021-03-18T22:03:04Z https://ttlc.intuit.com/community/taxes/discussion/re-if-i-have-a-k1-that-was-negative-for-the-year-do-i-need-to-file-with-my-personal-taxes-and-if/01/2106666#M758227 <P>Yes, you need to report the K-1 on your personal tax return.&nbsp; Even you can't take the loss because it's passive, it will carry forward.&nbsp; You can use either TurboTax Online or TurboTax Desktop.&nbsp; If you use Online, you will need the Premier version.&nbsp; You can use any version of the Desktop, but if you want the interview step-by-step for entering a K-1, you should choose&nbsp;Premier.</P> Thu, 18 Mar 2021 22:34:46 GMT https://ttlc.intuit.com/community/taxes/discussion/re-if-i-have-a-k1-that-was-negative-for-the-year-do-i-need-to-file-with-my-personal-taxes-and-if/01/2106666#M758227 DavidD66 2021-03-18T22:34:46Z