KJ70
New Member

Get your taxes done using TurboTax

Here is what it says on mine

 

Allowed loss $8

 

K-1 Amount to adjust $9958

 

When I enter $8 it changes my ordinary business income to $8 at the beginning
of filling out my K-1 info. And then I go from owing $2700 to getting a $370 refund!

Is this correct?

 

Thank you!