Jackstar221
Employee Tax Expert

Get your taxes done using TurboTax

Hi,

 

You can enter Box 13, code 13AE, which was formerly 13W within the K-1 into TurboTax. 

 

Regarding portfolio deductions, those were something that the IRS allowed in the past under IRC Section 67 subject to 2% AGI floor, which is not allowed by the IRS for the current year 2023 tax year.

 

Here is a helpful article regarding how to enter a K-1 into TurboTax: Where do I enter a Schedule K-1 that I received?