Received a Schedule K-1 form 1041 and has the following in Box 11
"Excess deduction final year (691)"
Turbotax asks if this is box:
11A Excess Deductions - Section 67(e) Expense
or
11B Excess Deductions - Non-miscellaneous Itemized Deductions
The K-1 form just has box 11, no designation as to A or B
Not sure where to enter the negative (691) in Tubotax.
Excess Deductions - Section 67(e) Expense????
Excess Deductions - Non-miscellaneous Itemized Deductions????
Thanks in advance for any insight....
