in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
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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!
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Disallowed passive losses are carried forward. They will be fully allowed when you receive the final Schedule K-1 from the partnership.
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.
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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