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K1 Line 13 Code W
When I tried to enter K1 Line 13 code W, I had to select from a dropdown menu. The explanation there is W-Soil and Water Conservation. It does not seem to be correct. Should it be PORTFOLIO DEDUCTIONS?
In addition, the value there is negative. Should I report it as an income? and where to report it? I do not think it is handled automatically by the software as I cannot find that value anywhere in the return, other than where I entered it.
Thanks a lot!
March 19, 2024
9:21 AM