I have some loss from K-1 form from previsou year. Not much.. few hundred dollars.. I used turbo tax to enter the numbers but I get LESS than actual loss from the K-1.

First, how do I claim loss from previous year of K-1 form? Second, what is the better way to maximize refund? Thank you.

Sorry, but you cannot expect an answer to such a complex tax question from a forum like this because we do not have a holistic view of your total financial picture.

K-1 for 2007 must be reproted on 2007 tax return. You can amend your tax return.