☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 7:08:33 PM

I entered k-1 loss and there was no change in federal tax due. Why not?

0 1 357
1 Best answer
Level 9
Jun 4, 2019 7:08:37 PM

Most likely because it would generally be considered a passive loss.  Passive losses can only be used to offset passive income, or they are carried over to future tax years.

1 Replies
Level 9
Jun 4, 2019 7:08:37 PM

Most likely because it would generally be considered a passive loss.  Passive losses can only be used to offset passive income, or they are carried over to future tax years.