This is about Schedule K-1, Form 1065. This is a private investment fund and I am a Limited Partner. The amount from box 13, code W is not getting deducted from the income reported in box 11, Code C. I checked Schedule E and it has zeroes. I also checked 8582 to see if there are any passive loss limits, but don't see anything there either. Any idea why this might be happening? The entire amount reported in box 11, Code C is being reported as income, which is not the case (because the 13W amount is not deducted). Thank you for your help!!
