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Business & farm
Are you using TurboTax Business to prepare a return for a partnership/LLC or other pass-through entity?
If so, the income and expenses are passed through on Schedule K-1 to the partners/members/shareholders.
If you are only entering expenses (before income or in excess of income), then the figure on Line 1 may be a negative number.
‎January 13, 2021
3:40 PM