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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:

Screen Shot 2022-07-18 at 3.14.43 PM.png

How can I report the loss in turbotax? thanks!

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1 Best answer

Accepted Solutions
dmertz
Level 15

Turbotax doesn't show my K1 (1065) loss

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

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2 Replies

Turbotax doesn't show my K1 (1065) loss

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. 

dmertz
Level 15

Turbotax doesn't show my K1 (1065) loss

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

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