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Get your taxes done using TurboTax
No, you need to enter the number as it appears on your Schedule K-1. The line for "income(loss)" assumes a positive number is income and a negative number is a loss. This flows to the QBI calculation, which may not be affected by a loss (negative amount). That's why it doesn't affect your federal refund.
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March 25, 2024
10:57 AM