DavidD66
Expert Alumni

Business & farm

You do not use the "business" section to report your K-1.  You report that in the personal income section.  

 

If you don't have a business that you are reporting income and expenses for on Schedule C, you can't take those deductions you mentioned as you have previously.  However, you may be able to deduct unreimbursed business expenses if you are required by a partnership agreement or routine practice equal to an agreement to personally pay the expenses on behalf of the business. No deduction can be claimed if the terms of a partnership agreement/LLC operating agreement provide for reimbursement but the owner fails to submit a claim.  You can do this by using our Turbo Tax desktop product while completing your personal return.

 

You must use TurboTax Desktop to take the unreimbursed partnership expenses deduction.

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