PatriciaV
Expert Alumni

Business & farm

If you're asking about Box 13 Code W and the supplemental information about the amount indicates the portfolio deduction is not deductible, do not include this amount on your return. In fact, remove Code W from your K-1 input. Nondeductible items may influence your outside basis in the investment (your records), but do not change your taxable income.

 

@Tbthy 

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