bk1
Returning Member

Get your taxes done using TurboTax

Thanks for your response.  According to IRS Schedule E instructions, unreimbursed partnership expenses (UPE) should be reflected in a separate line on line 28 of Schedule E and be denominated something like "UPE - XYZ LLP," with the expense amount in column H.  TT asks for UPE information, but does not actually list the UPE on schedule E as set forth in the instructions.  See page 10 on this document https://www.irs.gov/pub/irs-pdf/i1040se.pdf.  You can accomplish this by creating a separate, "dummy" K-1 named "UPE . . ." with the amount of the UPE as a loss, but it doesn't seem like you should have to do that.

 

So, am I missing something in TT to cause this to happen correctly?