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Get your taxes done using TurboTax
@David723 wrote:
....the real value to my tax liability is the partnership losses and interest expenses which I use to lower my personal tax liability.
I am not sure how this is happening for you, but whatever. Are you a limited partner?
There are a number of loss limitations, some of which are not easy to circumvent.
See https://proconnect.intuit.com/articles/k1-issues-for-individual-taxpayers-general/
March 21, 2022
8:00 AM
2,733 Views