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If I add $15920 of partnership and S-Corp rental income should my tax increase by $7360, 45%?
There are 4 K-1 forms, 2 with a loss and 2 with a gain. Entering each form causes the tax calculation to change by 44-46% of the reported profit or loss. Is this right?
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‎June 4, 2019
1:41 PM