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February 21, 2025
Question

My K1 for beneficiary shows a negative number on line 14, code H but turbotax does not deduct it

  • February 21, 2025
  • 1 reply
  • 0 views
the number is the negative of line 5. when I put in line 5 my tax due goes up, when I put negative in 14H it does not go back down

    1 reply

    M-MTax
    February 21, 2025

    That figure gets transferred to Form 8960 (Line 7) and Form 8960 is only generated if necessary. If it is not needed, you will not see that negative number anywhere else on your return.