Business & farm

@Anonymous_ - I'm in a similar situation. Received a schedule K-1 from a Master Limited Partnership (MLP) with a W code in box 13. The W has an asterisk after it, the related footnote of which states, "See attached statement for additional information." The statement in turns states the below. Since I am an individual, I assume the stated amount is non-deductible. Could confirm that is correct, and if so, explain which option to select on the related TT screen (see screenshot below)?

"The Portfolio Deductions from investing activities, if any, are non-deductible for certain taxpayers, including individuals, and would reduce your tax basis in the partnership. Please consult your tax advisor."