Is anyone else having problems with TurboTax online not calculating the Schedule K-1's correctly?

Forum|Forum|1 year ago
March 30, 2025
1 reply
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I have entered my Schedule K-1s, but TurboTax Online is showing as $0 even though the Schedule K-1s have values.

JamesG1

Are you referring to IRS Schedule K-1 (1065) or IRS Schedule K-1 (1120S)? Or something else?

Is your IRS Schedule K-1 reporting income or loss? If you are reporting a loss, did you select Yes at the screen Did you materially participate?

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mathew2Author

It is a Schedule K-1 (1065), reporting a loss, and I did select that materially participated.

JamesG1

Is the investment a publicly traded partnership? The loss from a publicly traded partnership can only be offset against a gain from that same partnership.