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Get your taxes done using TurboTax
Thanks for the very detailed response, JeffreyR77. Just for clarification, I am using TurboTax Premier for my personal taxes, but the screens you provided seem to be the same.
I will remove from TurboTax Business the LLC expenses I am required to pay, generate a K-1 with a loss that will not include them, and will add the expenses as Unreimbursed Partnership Expenses in my Personal Tax. Does this look correct? This way I would not be double dipping deductions, if I got your response right.
Thanks.
March 11, 2021
2:08 PM