AmyC
Expert Alumni

Deductions & credits

@TXDAD Don't confuse the form total with all the moving pieces inside of it.

 

sch 1 is comprised of many different items. There could $90,000 in losses from one thing and $20,000 in gains for something else and so on. There are so many parts and pieces, it would be easy to have the loss from active income on sch 1 affecting EIC while other passive activities are changing sch 1.

 

 

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