You need to at least verify if TurboTax has rolled the total forward or not when you loaded 2021 and started your 2022 returns. You can review/enter the information in TurboTax Online by following these steps:
- Sign in to your TurboTax
- Open or continue your return
- Choose a section from the TurboTax menu and select Pick up where you left off
- Using the search bar, type K-1 and select the Jump to link from the search results
- Note: If the Jump to link doesn’t work, select the Federal tab, then under S-corps, Partnerships, and Trusts, select Wages & Income
- Select Revisit or Start next to Schedule K-1
- Answer Yes to Do you want to review Schedules K-1 or Q? and follow the prompts
- Continue through the questions until you get to the Describe the Partnership screen and make sure you have marked I have passive losses carrying over from 2021
- Enter/confirm your passive losses for regular and AMT tax for the total that rolled over from 2021 (it's a cumulative number)
@spyderlady05
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
