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How do I list a business loss for non-real estate professional from K-1? I was told that it goes on page 2 of Schedule E, but I can't figure out how to do that in TT

Forum|Forum|3 years ago
October 6, 2022
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The schedule E on TT will only allow me to choose either rental income or royalty income/loss. It is standard professional business loss from a 1020S/K-1, but I can't seem to access Part II of Schedule E. Does it go somewhere else?

TurboTax Live Self Employed

Best answer by Anonymous_

It will appear in Part II of Schedule E, but you will not enter the figure in that section.

Rather, you simply need to enter the information from your K-1 into the program which, in turn, will cause the proper figure to propagate to Part II of Schedule E.

A

Anonymous_Answer

Employee

It will appear in Part II of Schedule E, but you will not enter the figure in that section.

Rather, you simply need to enter the information from your K-1 into the program which, in turn, will cause the proper figure to propagate to Part II of Schedule E.