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Business & farm
Negative numbers are usually CREDITS, meaning if you owe tax and the next line you get the Earned Income Credit, the EIC amount will show as a negative. It will be subtracting from the tax you owe.
Why did you get a tax transcript? Did you ask for it or did the IRS contact you?
If the IRS contacted you, they would have sent you a letter, if they did, what did the letter say?
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yesterday