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janute44
New Member

THERE IS NO "DIRECTLY ALLOCABLE EXPENSES" on Turbo Tax AND K1 HAS AN AMOUNT for 13T3, what do I do?

 
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JulieCo
New Member

THERE IS NO "DIRECTLY ALLOCABLE EXPENSES" on Turbo Tax AND K1 HAS AN AMOUNT for 13T3, what do I do?

When entering the K-1 line item for line 13 code T (Domestic Production Activites), you are then brought to the screen to enter the gross receipts, cost of sales, W-2 wages and deductions not directly allocable. Select continue and on the next screen you can enter the "directly allocable expenses."  See sample screenshots below.

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JulieCo
New Member

THERE IS NO "DIRECTLY ALLOCABLE EXPENSES" on Turbo Tax AND K1 HAS AN AMOUNT for 13T3, what do I do?

When entering the K-1 line item for line 13 code T (Domestic Production Activites), you are then brought to the screen to enter the gross receipts, cost of sales, W-2 wages and deductions not directly allocable. Select continue and on the next screen you can enter the "directly allocable expenses."  See sample screenshots below.

View solution in original post

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