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Business & farm
No. This "negative" (technically a loss), has already been accounted for both on the entity side and your personal tax return.
Your share of any loss would have been reported on your K-1, which would have been input into TT.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎April 18, 2022
2:56 PM
1,864 Views