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Level 1
March 5, 2025

1041 K-1 has a posative amount it box 5 the same amount negative in box 14h do they off set each other on the beneficiary's tax return?

  • March 5, 2025
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    sjrcpa
    Level 15
    March 5, 2025

    No. Look at the K-1 Codes.

    The more I know the more I don’t know.