- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1065 Interest Income, What deductions are allowed on K-1
I have a 1065 that only has interest income from a mezzanine loan.
I have the following expenses for this LLC:
Legal/Professional Fees
Bank Fees
Postage
Organization Costs of $250.
Can I deduct these LLC expenses since there isn't any ordinary income or would these expenses be subject to Schedule A Investment Income Expense?
Topics:
‎April 13, 2021
11:49 AM