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Are k1 partnership losses (box 1 ordinary loss) deductible?
I have a net loss from 2 k-1's under ordinary business income (box 1). I've entered all of the K1 information in Turbotax but do not see a tax benefit from the loss. Is it not flowing through Turbotax properly? or is it not a tax benefit?
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‎June 3, 2019
11:19 AM