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paulallanbeckman
April 4, 2024
Question

I have 5 K-1 forms from 5 different LLCs (all multi-family real estate deals) but the total losses shown in TurboTax are WAY less than the sum of the 5 K-1 losses. Why?

  • April 4, 2024
  • 0 replies
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Three of the LLCs were created 3 years ago and two of the LLCs were created this past year (2023).  The sum of the 2023 losses from the 5 LLCs is around $93,000 but the amount shown in TurboTax is around $9,000.
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