Which is better or correct? Posting unreimbursed expenses where K1 is entered OR under personal deductions for business expenses?

[Anonymous_ · Accepted solution]

Check the box and enter the figure(s) during the K-1 interview (see screenshot).

[AmeliesUncle]

Tagteam's answer is correct if your K-1 is from a Partnership (Form 1065). 

But if your K-1 is from a S-corporation (Form 1120-S), then you enter it under personal business expenses as an Itemized deduction (which is not currently deductible on the Federal tax return, but some states allow the deduction).