Solved
Should business losses reported on Schedule K-1 (line 1) be included on Schedule D (line 5 or line 12)? They are not showing up on Schedule D in Turbotax.
No text available
No.
Line 1 losses will be reflected on Sch E in either the passive or nonpassive section. Additionally, if you are passive, then losses will only be allowed to the extent you have other passive income. If you do not, then the losses will be suspended until such time as you either have income from this K-1 or passive income from another source.
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