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New Member
posted Mar 25, 2024 11:36:35 AM

Sec 212 expense in a pass-through K-1

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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2 Replies
New Member
Mar 25, 2024 12:26:29 PM

Never mind my question.  I found the answer.

New Member
Mar 25, 2024 12:26:59 PM

Never mind.  I found the answer.