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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?
‎September 25, 2024
10:08 AM