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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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‎April 3, 2023
8:02 AM