topic How does a k-1 capital account decrease in the current year affect current year taxes? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-does-a-k-1-capital-account-decrease-in-the-current-year-affect-current-year-taxes/01/623335#M27112 Thu, 06 Jun 2019 06:57:56 GMT pigdog88 2019-06-06T06:57:56Z How does a k-1 capital account decrease in the current year affect current year taxes? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-does-a-k-1-capital-account-decrease-in-the-current-year-affect-current-year-taxes/01/623335#M27112 Thu, 06 Jun 2019 06:57:56 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-does-a-k-1-capital-account-decrease-in-the-current-year-affect-current-year-taxes/01/623335#M27112 pigdog88 2019-06-06T06:57:56Z It really has no affect on taxes. You most likely had a l... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/it-really-has-no-affect-on-taxes-you-most-likely-had-a-l/01/623339#M27113 <P>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.</P> Thu, 06 Jun 2019 06:57:57 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/it-really-has-no-affect-on-taxes-you-most-likely-had-a-l/01/623339#M27113 Ashby 2019-06-06T06:57:57Z