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Level 1
posted Apr 1, 2021 7:42:42 AM

pass through entity expenses

If business expenses were filed on the Pass Through Entity return, do I also include them in my personal return?

 

0 2 1622
2 Replies
Employee Tax Expert
Apr 1, 2021 7:56:33 AM

No. You do not.

 

The pass-through entity will provide you with a Schedule K-1 which you report on your personal tax return.

Level 15
Apr 1, 2021 8:01:53 AM

If you get a K-1 then you don't enter the expenses a second time.....just enter the K-1 numbers.