Schedule K-1

Forum|Forum|7 years ago
February 10, 2019
1 reply
4 views

Nothing is happening to my Federal Tax Refund when entering in my Schedule K-1 gain or loss using Turbo Tax Premier. The same thing happened to me last year using Turbo Tax. I received help last year but I guess I'm missing something again. Any help why my income is not being adjusted

uncledudley

Level 2

Can I enter just the net gain or loss, or must I enter all of the details? Every year I have a loss and does not change the amount of taxes due.

KrisD15

Level 15

Please be sure to continue through the entire section entering the amounts in the boxes, answering the interview questions and entering the information from the additional K-1 information schedule.

Although you have a loss, the details should be entered because of the new and complicated regulations concerning the 199A Qualified Business Income Deduction and loss carry-forward.

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