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.