Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
M
markoman84
July 16, 2022
Question

Turbo Tax is limiting my K1 loss because of at-risk limitation. However, I have basis in the K1. What am I entering incorrectly that RR would limit this loss?

  • July 16, 2022
  • 1 reply
  • 0 views
miss type, RR should read TT Turbo Tax

1 reply

A
Anonymous_
Employee
July 16, 2022

Did the box shown in the screenshot below somehow get unchecked? It is checked by default.

 

Untitled.png

    M
    markoman84Author
    July 16, 2022

    it is checked. i have 19 k1s all of which were entered the same regarding positive basis and at all basis at risk. of the 19, 5 are limiting the loss.

    A
    Anonymous_
    Employee
    July 16, 2022

    Are any of the K-1s from passive activities (or from businesses in which you do not materially participate)?

      TurboTax Sign In Widget
      TurboTax flag icon

      Unlock tailored help options in your account

      Create an account
      TurboTax Expert Assist
      TurboTax Expert

      Get answers to all your tax questions

      Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

      Terms & ConditionsAccessibility statement
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      ©1997-2022 Intuit, Inc. All rights reserved.
      Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
      of Intuit Inc. Terms and conditions, features, support, pricing, and service options
      subject to change without notice.

      Security Certification of the TurboTax Online application has been performed by
      C-Level Security.

      By accessing and using this page you agree to the Terms of Use.

      Accessibility

      TRUSTe nResult Certified e-File C-Level Security Certification