Hi,
It appears that what used to be Schedule K-1 box 13, code W is now code ZZ for 2023 taxes. In the past, when I chose code W and entered an amount, on the next page of the EasyStep, I would get an option to select "Nonpassive deductions to be reported on Schedule E, page 2". However, in 2023 Turbotax desktop version, when I select code ZZ, I do not get that prompt. As a result, Schedule E, page 2 has blank for the amount I need to deduct and I cannot enter it directly on Schedule E either.
Turbotax needs to fix this missing prompt in 2023 desktop version ASAP.
Do I have any other options? Thank you!
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In TurboTax for Desktop, go to Forms Mode and open "K1P Addl Info" under the related K-1 Partner form. Scroll down to Line 13 Code WW to ZZ, line 6. Enter a custom description on the yellow line and the amount in the yellow box. Your entries here will appear on Schedule E page 2.
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