PatriciaV
Expert Alumni

Deductions & credits

You are correct. The information reported on Schedule K-1 shouldn't need to be added to any other section of TurboTax. It appears your business vehicle is considered an asset of the LLC (or S-Corp) and all expenses would flow through the K-1.

 

See this article for more info: Where do I enter a Schedule K-1 that I received?

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