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Get your taxes done using TurboTax
Thank you ColleenD3. I appreciate you responding.
So I do qualify. My EITC credit will be different depending on whether I put in the numbers for my K-1 business loss and for the IRA distribution. I know the program will figure it out for me, but I want to know how it is figured. I'm trying to do it in the IRS assistant to see the results so I understand the numbers.
Do you know, does the IRA distributions count as income?
And does the K-1 Loss count? (It is less than my W-2 income, so I still have a positive AGI). If I can't include it, then, okay. But if I can include it, where do I put it on the IRS Assistant, because it won't accept a negative income number even if including it means total income is still positive.
Thank you,
‎February 27, 2022
1:04 PM