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Do I need to enter a K-1 1065 if it is a negative amount?

 
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PatriciaV
Employee Tax Expert

Do I need to enter a K-1 1065 if it is a negative amount?

Yes, enter all the information from Schedule K-1, as this income (or deduction) is included in the calculation of your total taxable income. If you had a loss from your investment, this loss may reduce the tax you owe.

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