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How to handle schedule K-1 box 5 and 8?
Hi,
I received a schedule K-1, it has box 1, 5 and 8, -$25681, $60 and $9768. From the provider, it should be passive lost. However, When I entered those numbers, it is increased tax payment a lot, coz box 5 and 8 are consider as the other category income. Could you please let me know where I am wrong and how to make it correction?
Thanks.
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‎April 10, 2024
12:19 PM