I have three K-1's from passive activity investments that all have Box 13, Code W amounts and the descriptions are kind of similar:
1. "From pass-through entities"
2. "OTHER DEDUCTIONS FROM PASSTHROUGH ENTITIES"
3. "OTHER DEDUCTIONS FROM SCHEDULE OF ACTIVITIES"
That's all they say. They don't indicate whether they're portfolio deductions or business deductions.
Does anyone know whether this is portfolio deductions or if it's business deductions?
