Hello,
I have a net business loss (box1) for my K-1. When working in my California state taxes, I have a negative adjustment value. However, when I enter the negative value in the California adjustment box, my state refund drops from $7200 to $3600. The same thing happens if I just put a single $1. How can $1 drop my refund by $3500? I believe there is an error in the state tax coding.
Thanks in advance
