I received a K-1 schedule, but it is negative, I received no money, Turbo Tax won't let me continue if I don't upgrade to Premier. help

[CathiM · Accepted solution]

Your K-1 loss from a business (partnership, S-corp, etc) will carry to Schedule E page 2. TurboTax Deluxe does not support Schedule E. That is why it is asking you to upgrade.  If you think the loss will make no difference in your taxes, you could leave it off. To use the loss, you will have to use Premier.

[ediegirl]

Thanks for the quick answer. It helped.