turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

janute44
New Member

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

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
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

1 Reply
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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies