TaxGuyBill
Level 15

@trish-33540 wrote:

Only way I see to do it is on the K-1 itself. 

Then the carryover loss does not show up on the tax return anywhere, correct? 

Next year, I will adjust the K-1 line one amount to reflect my calculated carryover, correct?


Yes.

Correct.

No.  It needs to be entered on the Schedule E on a separate line.

https://www.irs.gov/instructions/i1040se#idm140048554393680

 

As for your next question for how to do that, I'm not sure if ProSeries has a spot to do that, or if you need to enter it as a separate K-1 called "PYA".

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