topic K-1 Calculation Issue in Get your taxes done using TurboTax

K-1 Calculation Issue

rlsharp1 — Wed, 11 Feb 2026 10:39:52 GMT

Are there any know calculation issues in TurboTax 2023 online for K-1s? I received a delayed K-1 and am trying to file an amended return. I was an active partner and the K-1 assigns me a loss but TurboTax is saying that I am going to owe money. The new K-1 is the only new information i'm adding to my tax return.

Re: K-1 Calculation Issue

M-MTax — Fri, 25 Oct 2024 20:06:13 GMT

Income from the K1 might have reduced one or more of your credits. Was there other income on the K1?

Re: K-1 Calculation Issue

rlsharp1 — Fri, 25 Oct 2024 20:19:14 GMT

There was interest income and short-term capital gain but like I mentioned overall I was assigned roughly a $500 loss.

Re: K-1 Calculation Issue

M-MTax — Fri, 25 Oct 2024 20:47:58 GMT

Was there material participation? You said "active". What about interest and STCG? Those are both taxed at ordinary income tax rates.