Solved: How does a k-1 capital account decrease in the current year affect current year taxes?

How does a k-1 capital account decrease in the current year affect current year taxes?

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It really has no affect on taxes. You most likely had a loss on your K-1 which created a decrease in your capital account. However, all that gets reported on your personal return is the loss.

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It really has no affect on taxes. You most likely had a loss on your K-1 which created a decrease in your capital account. However, all that gets reported on your personal return is the loss.