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June 6, 2019
Question

I am entering a negitive amount from Scheduel k-1

  • June 6, 2019
  • 1 reply
  • 0 views
For example, -$2,00.00. is the the correct way to enter a negitive amount.

1 reply

MichaelL1
Employee
June 6, 2019

Many K-1's can have negative amounts, and -$2,000 is the correct way to enter it.

Then depending on the capital account balance and/or the risk question, will determine if the loss is deductible.