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I am a member of a partnership. I personally paid my own malpractice insurance. Where do I enter this on my return?
I know it is deductible, where do I enter it?
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I am a member of a partnership. I personally paid my own malpractice insurance. Where do I enter this on my return?
It is entered as Unreimbursed Partnership Expenses (UPE). Both the K-1 amounts as well as the UPE can be reported through the K-1 interview. At the end of this answer, I will provide an FAQ which provides instruction on how to access the K-1 interview. About halfway through the interview, you will see a screen entitled Describe the Partnership. The first checkbox says "I am required to pay supplemental expenses on behalf of this LLC/Partnership for which I am not reimbursed." Click on that box in order to generate the interview to enter your unreimbursed partnership expenses.
To access the K-1 interview, please follow the instructions in this FAQ: https://ttlc.intuit.com/replies/3301717
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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I am a member of a partnership. I personally paid my own malpractice insurance. Where do I enter this on my return?
It is entered as Unreimbursed Partnership Expenses (UPE). Both the K-1 amounts as well as the UPE can be reported through the K-1 interview. At the end of this answer, I will provide an FAQ which provides instruction on how to access the K-1 interview. About halfway through the interview, you will see a screen entitled Describe the Partnership. The first checkbox says "I am required to pay supplemental expenses on behalf of this LLC/Partnership for which I am not reimbursed." Click on that box in order to generate the interview to enter your unreimbursed partnership expenses.
To access the K-1 interview, please follow the instructions in this FAQ: https://ttlc.intuit.com/replies/3301717
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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