Turbotax doesn't show my K1 (1065) loss

Hi, All, I got a K1 (form 1065) with loss in Part3-box2. I input them in turbotax (Schedule k-1,Q), however, it doesn't show up.

If i look at the forms -> Schedule E, part II, line 28, column (g) Loss, I see it is 0.

See the image:

How can I report the loss in turbotax? thanks!

513

1 Best answer

Level 15

Jul 18, 2022 7:18:44 PM

Disallowed passive losses are carried forward. They will be fully allowed when you receive the final Schedule K-1 from the partnership.

Level 15

Jul 18, 2022 3:32:06 PM

If this is a passive loss then the loss may not be allowed depending on your income ... so ignore the summary screen and look at the actual Sch E and form 8582.

Level 15

Jul 18, 2022 7:18:44 PM

Disallowed passive losses are carried forward. They will be fully allowed when you receive the final Schedule K-1 from the partnership.

Why sign in to the Community?

Turbotax doesn't show my K1 (1065) loss