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Deductions & credits
The entity is a multi member LLC created to aggregate royalty payments. Will be giving K-1 s to three entities
1. Who and where do I deduct the processing charges?
2. Where do I deduct the property taxes paid in Texas
3. Where do I deduct severance taxes etc.
4. Where do I deduct the normal deprecation.
I am using the Turbo Tax Business Edition and do not see anywhere to deduct these items
May 10, 2021
8:41 AM