Loss is reducing the taxable income : LodgeiT

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Loss is reducing the taxable income

Modified on: Tue, 17 Mar, 2026 at 7:02 AM

Question: The Partnership loss is showing on the Income - Summary tab. ie the Loss is reducing the taxable income.

Answer: You need to defer the Partnership loss, if you don't want it to reduce the taxable income.
Please refer to this guide: Partnership Losses.

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