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intangible drilling costs on schedule K-1
I made in investments in oil and gas as a limited partner in 2020. I entered the intangible drilling costs from box 13 code J into turbo tax, but I don't see any reduction in my taxable income. These losses should deduct from my ordinary W-2 income correct? How come I am not seeing this? Thanks.
‎April 13, 2021
1:57 PM