While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

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While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

Unfortunately, that is most likely correct. While there is only $1200 of income on the K-1, it probably is subject to self employment taxes, which are an additional 15.3% on top of your income tax.

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While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

Unfortunately, that is most likely correct. While there is only $1200 of income on the K-1, it probably is subject to self employment taxes, which are an additional 15.3% on top of your income tax.

While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

Thank you so much for your insight!

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While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

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While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

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While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

While filling in my K-1, my taxes jumped up by $400, when my K-1 only shows $1,200 of gain. What can I do to fix this?

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