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June 6, 2019
Question

Do I need to enter a K-1 1065 if it is a negative amount?

  • June 6, 2019
  • 1 reply
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1 reply

PatriciaV
PatriciaV
Employee
June 6, 2019

Yes, enter all the information from Schedule K-1, as this income (or deduction) is included in the calculation of your total taxable income. If you had a loss from your investment, this loss may reduce the tax you owe.

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