Schedule K-1 1041

Forum|Forum|1 year ago
March 23, 2025
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Line 14 of my K-1 (1041) has an I*. The page 1 QBI Pass-through Entity Reporting Statement A reports Rental Loss in the first two columns, -223 and -3,272. Which rental loss number do I enter on my personal tax return?

PatriciaV

Employee

If you have two columns on Statement A, you may have both ordinary and rental income from Schedule K-1. If so, you need to create a separate K-1 entry for each (TurboTax won't accept both ordinary and rental income on one K-1).

Look at the title of the row for the amounts in each column. The first row is ordinary, the second is rental.

Once you have set up two K-1s, enter the amount from Statement A that corresponds to the appropriate K-1.

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