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Yes, you need to report the K-1 on your personal tax return. Even you can't take the loss because it's passive, it will carry forward. You can use either TurboTax Online or TurboTax Desktop. If you use Online, you will need the Premier version. 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 Premier.
Yes, you need to report the K-1 on your personal tax return. Even you can't take the loss because it's passive, it will carry forward. You can use either TurboTax Online or TurboTax Desktop. If you use Online, you will need the Premier version. 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 Premier.
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