Hello Tax Expert,
I have the same situation. My last entry for my 2019 Turbo Tax was to enter interest income from a K-1 that I just received. After entering the interest from the K-1, my federal taxes due went up 39.7% of the amount of the interest from the K-1. I should be in the 35% tax bracket based on my taxable income.
I don't have any earned income tax credit.
Why would this be?
