lrambabu1
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Attaching the forms that you asked for:I am truly appreciating your help.
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> we can't see your return or k-1I would be glad to share those with you.> the ordinary loss on schedule E which flows to schedule 1 line 5 is offset by an equa...
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> what does 2a of form 4797 say?It says "From K-1".> on what line on schedule E does the loss originate?Lines 21 and 32.> you could be subject to Passive loss l...
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Sorry, getting back to this now, as I need to finish my taxes before my next trip.@Mike9241wrote:you might have had a 1231 loss carryforward. Only the net carri...
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I loaded my 2020 return, but I couldn't find the "amend" button. Can you please tell me where that is?
Activity Feed for lrambabu1
- Posted Re: My Schedule E Part V line 41 shows a loss of $9,859. But Form 4797 Part I line 2(g) shows a gain of $9,859 instead (Description: "From K-1"). Why? on Business & farm. August 19, 2024 9:47 PM
- Posted Re: My Schedule E Part V line 41 shows a loss of $9,859. But Form 4797 Part I line 2(g) shows a gain of $9,859 instead (Description: "From K-1"). Why? on Business & farm. August 11, 2024 12:15 PM
- Posted Re: My Schedule E Part V line 41 shows a loss of $9,859. But Form 4797 Part I line 2(g) shows a gain of $9,859 instead (Description: "From K-1"). Why? on Business & farm. August 10, 2024 8:26 PM
- Posted My Schedule E Part V line 41 shows a loss of $9,859. But Form 4797 Part I line 2(g) shows a gain of $9,859 instead (Description: "From K-1"). Why? on Business & farm. August 10, 2024 6:15 PM
- Posted Re: Turbotax Delux Desktop Federal: Form 4797 Part I says "From K-1" for the Description. But the gain shown doesn't match the 1231 gain on my K-1's. Pl help me understand. on Get your taxes done using TurboTax. August 4, 2024 4:48 PM
- Posted Turbotax Delux Desktop Federal: Form 4797 Part I says "From K-1" for the Description. But the gain shown doesn't match the 1231 gain on my K-1's. Pl help me understand. on Get your taxes done using TurboTax. July 7, 2024 8:30 PM
- Posted In Alabama schedule E part II, what do I enter in columns B and C, add up all boxes in my respective k-1? on Get your taxes done using TurboTax. October 5, 2023 10:33 AM
- Posted How do I start amendment to 2021 GA return in TurboTax Deluxe (on my laptop)? Federal doesn't need to be changed. on After you file. September 28, 2023 3:47 AM
- Posted > through the state k-1 in the amended return. You mean just override the numbers in the state K-1 (e.g. GA's 700) with the adjusted ones? on After you file. August 13, 2023 10:28 AM
- Posted My federal K-1 has mixed income (loss) totaling -$22,540. The corresponding GA K-1 has some adjustments. Where to enter them, Activity Wks? How? This is an amended return on After you file. August 12, 2023 9:26 PM
- Posted I amended my 2019 return to add a late arriving k-1. Now I am amending my 2020 return to reflect this change. What additional documents do I need to attach to my return? on After you file. August 12, 2023 8:39 PM
- Posted Re: I amended my 2019 return to add a late arriving k-1, and filed. Now I need to amend my 2020 return to reflect this change. Which topic's "Update" do I click, to do this? on After you file. July 2, 2023 9:37 PM
- Posted Re: I amended my 2019 return to add a late arriving k-1, and filed. Now I need to amend my 2020 return to reflect this change. Which topic's "Update" do I click, to do this? on After you file. July 2, 2023 7:00 PM
- Posted Re: I amended my 2019 return to add a late arriving k-1, and filed. Now I need to amend my 2020 return to reflect this change. Which topic's "Update" do I click, to do this? on After you file. June 29, 2023 8:50 AM
- Posted I amended my 2019 return to add a late arriving k-1, and filed. Now I need to amend my 2020 return to reflect this change. Which topic's "Update" do I click, to do this? on After you file. June 26, 2023 9:40 AM
- Posted I need to amend my 2020 tax returns. Will turbo tax allow me to also add a new state while doing this? on After you file. June 25, 2023 6:46 PM
- Posted I am almost done with current year's returns. But now I'm amending last year's; adding a couple of K-1's. Do I just update the same K-1's in this year's return? on After you file. May 14, 2021 12:01 PM
- Posted TurboTax Deluxe: I entered foreign tax amount in 1099-INT worksheet, I opted to take credit for foreign tax. Still, form 1116 is not created. Am I missing something? on Deductions & credits. June 1, 2019 1:35 PM