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Business & farm
The deduction was listed in box 13, code ZZ. I have in writing from the partnership issuing the K-1 that it is considered a non-passive deduction and that should be deducted from my federal income on my individual tax return. I have looked carefully at the 1040 form, and the amount was not deducted anywhere. It seems as if it should be deducted on Schedule E, but I can't enter it manually there. Any thoughts?
March 11, 2024
5:19 PM