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.

Do I need to include my K-1 (form 1065) on my tax return when there was a loss of less than $300?

Is the form for my own information or does Turbo Tax have a section for that?
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.

1 Reply
PatriciaV
Expert Alumni

Do I need to include my K-1 (form 1065) on my tax return when there was a loss of less than $300?

Yes, you should enter the information from Schedule K-1, as the IRS receives a copy and will be expecting to see that loss on your individual tax return.

 

The easiest way to find any section of TurboTax is to open your return and use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in the topic you need (ex: sch k-1), hit Enter, and click the "jump to" link to go directly to beginning of that topic.

 

Or go to Tax Tools >> Tools >> Topic Search. Type in your topic, then click the topic in the list to go directly to the start of that section.

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question