Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
M
mpreskenis
April 4, 2024
Question

Schedule K-1 (Form 1065) Part III Line 1 Loss. Do I need to File for 2024 with Loss

  • April 4, 2024
  • 1 reply
  • 0 views
No text available

    1 reply

    PatriciaV
    PatriciaV
    April 10, 2024

    Yes, if you received Schedule K-1 you should include it on your tax return. The loss from Box 1 may offset other taxable income and reduce your tax liability.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    Manage Cookies

    TRUSTe nResult Certified e-File C-Level Security Certification