AliciaP1
Expert Alumni

Get your taxes done using TurboTax

You will mark I Have Another Description Item rather than Miscellaneous Itemized Deductions for your description.  When you change the check box, a new pop up will show below the line and you can enter the description "Non-Deductible Portfolio Deductions" and the amount.  Then, when you are calculating your basis in the partnership (Form 7203), you will use this amount on the Nondeductible Expenses line.

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