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June 1, 2019
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If I have a Schedule-C operating at a loss, can I deduct profits from a K-1 partnership?

  • June 1, 2019
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Best answer by RichardK

Yes, generally if you are a sole proprietor and have a loss from your Schedule C, this loss will offset income from your partnership.

1 reply

RichardKAnswer
Employee
June 1, 2019

Yes, generally if you are a sole proprietor and have a loss from your Schedule C, this loss will offset income from your partnership.