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THERE IS NO "DIRECTLY ALLOCABLE EXPENSES" on Turbo Tax AND K1 HAS AN AMOUNT for 13T3, what do I do?
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June 3, 2019
12:16 PM
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Business & farm
When entering the K-1 line item for line 13 code T (Domestic Production Activites), you are then brought to the screen to enter the gross receipts, cost of sales, W-2 wages and deductions not directly allocable. Select continue and on the next screen you can enter the "directly allocable expenses." See sample screenshots below.
June 3, 2019
12:16 PM