PatriciaV
Employee Tax Expert

Get your taxes done using TurboTax

Yes, you can split the expense from Form 1065 Line 13(e)(C) using a Special Allocation by percentage or by amount with an allocation code on the same line where you entered the 754 depreciation.

 

  1. First, confirm that "Makes Special Allocations" is listed as Yes under Business Info >> About Your Business.
  2. Go to Partner/Member Information and click Done at the bottom of the Member Summary page.
  3. Continue to the page "How to Enter Special Allocations" and click "See Demo" at the bottom.
  4. Follow the example for Special Allocation by Percentage.
  5. To confirm the allocations, open Statement A (Page 1) for each partner to see how Line 13 is being allocated.
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