I filed my taxes 2 ways - one that was joint with my spouse and also tried Married filing seperately. In either case, I had a tax liability in the thousands. I then got my schedule K-1 ( not publicly traded partnership) that indicated there was an operating loss ( Box 1) in the thousands and that was incidentally more than my current liability. I immediately assumed my liability would drop considering my partnership losses and entered the K-1 details into TT only to find that it did nothing to my liability. How is this possible?
