@danielle-51 wrote:
.....if you spent four thousand dollars on tools or equipment can you claim as a UPE the entire four thousand dollars? If not, how does it work exactly?
You can deduct unreimbursed ordinary and necessary partnership expenses you paid on behalf of the partnership on Schedule E if you were required to pay these expenses under the partnership agreement. You can only deduct unreimbursed expenses on Schedule E that are trade or business expenses under section 162.
See https://www.irs.gov/instructions/i1040se#en_US_2022_publink24332td0e1927
I am not certain precisely how the foregoing would be applicable to an asset purchased that would be required to be capitalized, however, so I will page @Rick19744.
