This is per the IRS Partner's Instructions for Schedule K-1 (Form 1065) (2017) see Partner's
Instructions K-1
line 13 w
(13) Code W. Other deductions.
Amounts with this code may include the following. Since this is for Property Taxes:
Itemized deductions that Form 1040 filers report on Schedule A (Form 1040). This will be part of any property tax deductions on your schedule A. If you do not file a schedule A, you will not claim this deduction.
