My tax return was completed except I was awaiting my Schedule K-1 Form 1065.
Box1 (Ordinary business income) and Box14 (Self employment earnings) were both losses of over $5,000.
When I entered the K1 info into TurboTaxPremier my Federal refund amount decreased.
I thought the refund amt would increase because of the losses.
Please explain why it decreased insteadof increased.
