DianeW777
Expert Alumni

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.

  1. Sign into your TurboTax Account
  2. Search (upper right) > Type k1 > Select the Jump to... link
  3. Select Update beside your K1 > Edit beside the Activity 
  4. Continue to the screen 'Describe the Partnership'
  5. Check the box beside 'I am required to pay supplemental business expenses on behalf of this partnership/LLC for which I am not reimbursed'
  6. Check the box beside ' All of my investment in this activity is at risk' and/or any other box applicable
  7. Continue through the remaining screens to enter your expenses
  8. See the image below.

                          

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