JamesG1
Expert Alumni

Get your taxes done using TurboTax

If you are paid $200 in calendar year 2025 for the income tax related to the 2024 K-1 income, you will record that $200 expense next year when you record the 2025 K-1.

 

At the screen Describe the Partnership, select I am required to pay supplemental business expense...

 

The Qualified Business Income Deduction is a valid entry.  See explanation here.

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