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Get your taxes done using TurboTax
what do you mean box 1 interest box 1 on k-1 is business income or loss/ a loss might be subject to the passive activity loss rules and thus flow to form 8582 where any allowable passive loss is calculated. The exception would be a publicly traded partnership that by definition is passive and stands on its own so income from box 1 should flow to schedule E page 2 while a loss goes nowhere.
‎April 10, 2024
1:48 PM