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M
mpreskenis
April 4, 2024
Question

Schedule K-1 (Form 1065) Part III Line 1 Loss. Do I need to File for 2024 with Loss

  • April 4, 2024
  • 1 reply
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    1 reply

    PatriciaV
    PatriciaV
    Employee
    April 10, 2024

    Yes, if you received Schedule K-1 you should include it on your tax return. The loss from Box 1 may offset other taxable income and reduce your tax liability.

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