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Question

K1 didn't affect my taxes

Forum|Forum|2 years ago
April 12, 2024
1 reply
0 views

Hi,

I inputted the K1 info but unlike last year, it didn't impact my taxes. I didn't sell any shares this year so I'm wondering if that is why...

Depending on what type of K-1 you entered, the income is usually reported in the first few lines. I suggest you compare your K-1 this year to last year's and see if the reported income decreased, that may explain why your tax did not increase when you added the K-1 schedule.

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