I am working on the 2024 personal taxes for my wife and I and we own an LLC together. I have already completed the 1065 for our business and have input the the K-1 info for both of us in our personal taxes. I am trying to understand the tax summary. I understand the taxes on our business income, which is based off the K-1's. What is confusing is we are are also being charged taxes based off our taxable income, which shows as tentative taxes on the tax summary. This appears to be another tax being calculated off our taxable income. Can this be explained to me as I feel that we are being taxed twice? Shouldn't we only owe our business taxes?
