Form 1065 Schedule K-1 Box 13 W is for Soil and water conservation. However, Code L is for portfolio deductions, which should be reported on Form 1040 Schedule A Line 16 (Other Itemized Deductions).
You might check with the partnership that sent you the K-1 to confirm which code is correct. They may also provide guidance on where the amount should be reported on your personal 1040 return.
@Jason202104
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
