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Business & farm
It still shouldn't go on Schedule C. It stays on page 2 of Schedule E.
If the Partnership Agreement requires to you pay for those expenses, it is deductible as Unreimbursed Partnership Expenses. When you enter your K-1, the program will ask you about that.
If you have expenses incurred before the Partnership, or you have a business that is completely separate from the Partnership, that income and expenses go on Schedule C.
If the Partnership Agreement requires to you pay for those expenses, it is deductible as Unreimbursed Partnership Expenses. When you enter your K-1, the program will ask you about that.
If you have expenses incurred before the Partnership, or you have a business that is completely separate from the Partnership, that income and expenses go on Schedule C.
‎June 6, 2019
7:30 AM