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I am part of a partnership LLC that rents beach property. I have personal expenses not included on tax reporting for the LLC. Where do I enter those expenses?

The expenses are mileage and meals spent on maintenance trips during the offseason
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1 Best answer

Accepted Solutions
M-MTax
Level 12

I am part of a partnership LLC that rents beach property. I have personal expenses not included on tax reporting for the LLC. Where do I enter those expenses?

You can deduct the expenses in the K-1 section of Turbotax as Unreimbursed Partnership Expenses (UPE).

 

The LLC should have language in its operating agreement that requires you to pay those expenses out of your own pocket without reimbursement.

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2 Replies
M-MTax
Level 12

I am part of a partnership LLC that rents beach property. I have personal expenses not included on tax reporting for the LLC. Where do I enter those expenses?

You can deduct the expenses in the K-1 section of Turbotax as Unreimbursed Partnership Expenses (UPE).

 

The LLC should have language in its operating agreement that requires you to pay those expenses out of your own pocket without reimbursement.

MaryK4
Employee Tax Expert

I am part of a partnership LLC that rents beach property. I have personal expenses not included on tax reporting for the LLC. Where do I enter those expenses?

You will look for the screen below to indicate that you had Unreimbursed Partnership expenses.  This will be reported on your Schedule E as UPE.  

 

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