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How to enter Schedule K-1 Box 13, Code W - Bank Fee, Fund Formation, Management Fee, Transaction Fee
I invested in a private investment fund and received a K-1 with Box 13W. The detailed schedules says that it is Bank Fee, Fund Formation, Management Fee, Transaction Fee. Then it has another column saying (Partnership Filing Instruction - Portfolio Deduction Previously Subject to the 2% Floor). So when I go to the detail page for Bow 13W, what should I choose? Should I choose
1. Other Miscellaneous Itemized Deductions or
2. Other Non Passive deduction to be reported on Schedule E or
3 Other (enter description)?
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‎September 24, 2022
11:35 PM