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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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‎April 9, 2025
7:33 AM