Business & farm

To add to what Patricia said, it is possible that your state allows a miscellaneous itemized deduction, even though the federal return no longer allows it (for example, California). In this case, it is important to enter the K-1 Box 13 code AE properly in the tax return. 

If you are using TurboTax Online for tax year 2024, you will be prompted during the Review to indicate if any of the Box 13 code AE is "Other taxes". Leave the amount blank and re-run the review. There should be a new error/flag that asks you to enter the amount of Box 13 code AE that is "Other miscellaneous itemized deductions (2% floor)". That is where you should enter the amount.

If you are using TurboTax Desktop for tax year 2024, you will hit a flag during the Review. It will ask you to enter a dollar amount on the appropriate lines, as shown below. In the example I've shown, you would enter the dollar amount in Code W to ZZ, in line 2, for "Other miscellaneous itemized deductions (2% floor)".

I hope this additional context is helpful!