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October 12, 2024
Question

Hello, I am entering K1. The real income is 1.3k. However, in k1 the income is 6.3k, and the loss and deduction is 5k, and total tax is 1.2k. What did I do wrong?

  • October 12, 2024
  • 1 reply
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The major issue is that TurboTax report as I have earned 3k of income interest, well above the real income. Any advise?

1 reply

Employee
October 12, 2024
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IP5Author
October 12, 2024

Thanks -  Form 1065, fields 1 (loss), 5, 6, 9a, 9, 11zz, 13H, AE,ZZ, 16, 17F 18, 20,21

Employee
October 12, 2024
No text available