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golftoofun
April 12, 2025
Question

I have entered a loss on k 1 but it shows up as income on my return what did I do wrong

  • April 12, 2025
  • 1 reply
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    1 reply

    PatriciaV
    PatriciaV
    April 13, 2025

    If Schedule K-1 is the only income reported from passive investments on Schedule E, you may need to return to the K-1 topic and confirm that you included a minus sign before the number(s) that created the loss.

     

    If there are other passive investments on Schedule E, you may have income that exceeds the K-1 loss.

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