Question

We have an K1 from an S Corp with a loss last year. Turbotax said we were not able to deduct full amount, but not to worry they would carry forward. I cannot find that.

Forum|Forum|4 years ago
April 6, 2022
1 reply
0 views

That carryover information is nowhere to be found. Please help. I deleted K1s to start again.

TurboTax Premier Online

A

Anonymous_

Employee

You should be able to locate this on Form 8582.

G

Gussie11Author

8582 is for passive activity loss. This is at risk I need

PatriciaV

Employee

The At-Risk carryover is reported on a non-IRS form called "Schedule K-1 At-Risk Limitation Allocation Worksheet." If you saved your entire return, including worksheets, this form should be included.

You might also find this on the K-1 worksheet "K-1 S Corp (Name)" under Carryovers to 2020 Additional Info in the QBI section near the bottom of the form.

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