topic If I have a Schedule-C operating at a loss, can I deduct profits from a K-1 partnership? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/if-i-have-a-schedule-c-operating-at-a-loss-can-i-deduct-profits-from-a-k-1-partnership/01/112226#M3294 Sat, 01 Jun 2019 05:08:04 GMT tylerwaitt 2019-06-01T05:08:04Z If I have a Schedule-C operating at a loss, can I deduct profits from a K-1 partnership? https://ttlc.intuit.com/community/business-taxes/discussion/if-i-have-a-schedule-c-operating-at-a-loss-can-i-deduct-profits-from-a-k-1-partnership/01/112226#M3294 Sat, 01 Jun 2019 05:08:04 GMT https://ttlc.intuit.com/community/business-taxes/discussion/if-i-have-a-schedule-c-operating-at-a-loss-can-i-deduct-profits-from-a-k-1-partnership/01/112226#M3294 tylerwaitt 2019-06-01T05:08:04Z Yes, generally if you are a sole proprietor and have a lo... https://ttlc.intuit.com/community/business-taxes/discussion/yes-generally-if-you-are-a-sole-proprietor-and-have-a-lo/01/112237#M3296 <P>Yes, generally if you are a sole proprietor and have a loss from your Schedule C, this loss will offset income from your partnership.</P> Sat, 01 Jun 2019 05:08:05 GMT https://ttlc.intuit.com/community/business-taxes/discussion/yes-generally-if-you-are-a-sole-proprietor-and-have-a-lo/01/112237#M3296 RichardK 2019-06-01T05:08:05Z