- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Yes, you enter them a different way. You are allowed to deduct, from this income, any expenses you are required to pay that are not reimbursed. In my example I used the 1065-K1.
- Sign into your TurboTax Account
- Search (upper right) > Type k1 > Select the Jump to... link
- Select Update beside your K1 > Edit beside the Activity
- Continue to the screen 'Describe the Partnership'
- Check the box beside 'I am required to pay supplemental business expenses on behalf of this partnership/LLC for which I am not reimbursed'
- Check the box beside ' All of my investment in this activity is at risk' and/or any other box applicable
- Continue through the remaining screens to enter your expenses
- See the image below.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 23, 2024
8:20 AM