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In online turbo tax, Where to enter passive loss from K1 (1065) I received from partnership

Forum|Forum|5 years ago
May 4, 2021
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Hello -

I received K1 in 2019 from my investment in REIT (Partnership). I received X amount of passive loss that i could not claim in 2019. I need to carry over that loss to this year's (2020) return using online turbo tax.

How do i do this manually? I tried "Net Operating Loss QBI Carryforward Loss " but that does not seem like a right place. There is no way to indicate passive income anywhere.

Here is a screenshot of my last year K1 where I have loses to carry forward.

TurboTax Live Premier Online

Best answer by ThomasM125

When you enter your K-1 schedule, you will see a screen that says Describe the Partnership, on which there is a option that says I have passive activity losses carried over from last year, that is where you can enter your prior year passive loss carryovers:

T

ThomasM125Answer

When you enter your K-1 schedule, you will see a screen that says Describe the Partnership, on which there is a option that says I have passive activity losses carried over from last year, that is where you can enter your prior year passive loss carryovers:

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