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Get your taxes done using TurboTax
The income generated by partnerships can be taxed in a variety of ways, on a variety of forms. The income reported on Box 1 of a PTP runs through Sched E, so that's why it appears in that section of the form. But a different partnership might have a carryover loss that's handled on form 1040 (which is where box 2a is going).
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
March 12, 2023
2:10 PM