I am preparing a Form 1065 for an LLC (partnership) that has an investment in another limited partnership. My partnership has only individuals as partners. The K-1 received from the investment partnership shows an entry for Sec 212 amortization expense on Line 13 - code AE. When I enter that in Turbo Tax, it says this is not provided for in the program and I should enter it in the appropriate form. Since Sec 212 expenses are not deductible for individuals, do I need to enter it anywhere else or just enter it as a nondeductible expense on my partnership Form 1065.
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