https://ttlc.intuit.com/community/taxes/discussion/this-doesn-t-reduce-my-liability-most-likely-because/01/599256#M243297 <P> <I> <B>"This doesn't reduce my liability."</B> </I> </P><P><B></B>Most likely because you are not subject to the Net Investment Income Tax (NIIT). The negative figure on Line 14 (H Code) only serves to reduce the NIIT calculation on Form 8960, otherwise it has no real impact.</P><P>See&nbsp;<A href="https://www.irs.gov/individuals/net-investment-income-tax" rel="nofollow" target="_blank">https://www.irs.gov/individuals/net-investment-income-tax</A><BR /></P> Thu, 06 Jun 2019 05:29:31 GMT Anonymous_ 2019-06-06T05:29:31Z https://ttlc.intuit.com/community/taxes/discussion/schedule-k-1-line-14-code-h-is-showing-a-negative-number-that-offsets-the-amount-shown-in-box-5-this/01/599252#M243294 Thu, 06 Jun 2019 05:29:31 GMT https://ttlc.intuit.com/community/taxes/discussion/schedule-k-1-line-14-code-h-is-showing-a-negative-number-that-offsets-the-amount-shown-in-box-5-this/01/599252#M243294 wrightjw 2019-06-06T05:29:31Z https://ttlc.intuit.com/community/taxes/discussion/this-doesn-t-reduce-my-liability-most-likely-because/01/599256#M243297 <P> <I> <B>"This doesn't reduce my liability."</B> </I> </P><P><B></B>Most likely because you are not subject to the Net Investment Income Tax (NIIT). The negative figure on Line 14 (H Code) only serves to reduce the NIIT calculation on Form 8960, otherwise it has no real impact.</P><P>See&nbsp;<A href="https://www.irs.gov/individuals/net-investment-income-tax" rel="nofollow" target="_blank">https://www.irs.gov/individuals/net-investment-income-tax</A><BR /></P> Thu, 06 Jun 2019 05:29:31 GMT https://ttlc.intuit.com/community/taxes/discussion/this-doesn-t-reduce-my-liability-most-likely-because/01/599256#M243297 Anonymous_ 2019-06-06T05:29:31Z