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Get your taxes done using TurboTax
I have a similar problem. We are married filing jointly. I have income from my contracting business that is a partnership LLC, and my K-1 is $62,000. My wife has about $6500 W-2 income. Our taxable income is $28000. We own our home and I have a home office yet TT states that we have $10,000 owed taxes. How is this even possible? I feel like I'm being penalized for being a small business owner.
			
    
	
		
		
		‎April 14, 2024
	
		
		11:25 PM