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Get your taxes done using TurboTax
I have a very different scenario, where my income tax return is going up by quite a bit after adding a K1 for a partnership that was dissolved in 2022 (I was a Limited Partner).
There is a gain in the K1, where I can use the carryover losses from previous years and from other deals I have as well. So I was expecting my federal tax return to stay flat, rather than going up.
I just want to make sure the program is doing the right thing and I won't have to return that "extra" money later.
‎September 20, 2023
6:26 PM