K1 deductions; shouldn't my refund increase when I enter a k-1 deduction?

Forum|Forum|7 years ago
June 4, 2019
2 replies
35 views

My refund did not go up when I entered a k-1 amount.

Critter

Level 15

Also some K-1s are passive income so the losses are not deductible currently.

WillK

Alumni - Intuit

No exactly. When you increase your deductions and expenses it will decrease your income and you might not be getting as many credits as you did before which will reduce your taxable income which will reduce the refund amount you are getting.

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K1 deductions; shouldn't my refund increase when I enter a k-1 deduction?

2 replies

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