K1 Passthrough expenses
I have a K1 where Line 13W has a dollar amount in it. The following warning comes up after I enter everything into the computer system (below.) Are pass through expenses deductible and where would I add these in if they are deductible? I looked under "Miscellaneous deductions" but none of the categories seemed to fit this situation. Computer System Warning: Enter Other Deductions Elsewhere Amounts entered in Box 13 of your K-1 with a code of W for "Other Deductions" need to be entered on the appropriate screen based on the type of deduction. The K-1 should have a description that explains what type of "Other Deduction" is contained in Box 13. K1 Information: LINE 13 - OTHER DEDUCTIONS ========================== W OTHER DEDUCTIONS ------------------- OTHER DEDUCTIONS INCLUDED IN ITEM L, CURRENT YEAR INCREASE (DECREASE) OTHER PORTFOLIO DEDUCTIONS XXX (hidden for privacy.) FROM PASS-THROUGH ENTITIES XXX (hidden for privacy.) TOTAL BOX W 928. --------------- ===============
