Individual state vs. single federal K-1

[Valerie Treese]

Can anyone share proof that a federal K-1 can sometimes result in lost tax benefits? I was recently told that unless an investor is in the top income bracket(s), they will not fully realize the tax benefits of a K-1 when they are provided with a federal K-1. I've scoured the internet and can't find any info regarding the potential downside of receiving a federal K-1 vs. state K-1s. I am of course aware of the extra cost or time involved in state K-1s.