I own a single member llc as a disregarded entity. This LLC is the general partner of the a partnership. It received K1 with Guaranteed payments for services (4a) of $24000. When I input the K1, I also reported Unreimbursed Partnership Expenses (UPE) of $13000, but UPE of $13000 was not deducted from the income of $24000. The $24000 is characterized as nonpassive income in schedule E part II. I did check the partnership agreement requires GP pay expenses out of the pocket. I think this is a bug on TT? Can you take a look and help fix it?
I am using turbotax online premium.
I have shared my file with agent and token number is 1343488. Thanks!
