ErnieS0
Expert Alumni

Business & farm

The K-1 section of TurboTax includes a place to enter unreimbursed partnership expenses.

 

However this sounds like a contribution of capital to the partnership in exchange for a partnership interest. In that case, the purchases would not be treated as an expense but would be part of the capital account.

 

Upon the sale or dissolution of the partnership, taxable gain or loss of the partnership interest would be computed much like the sale of stock.

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