If your partnership agreement requires you spend money out of pocket, it can be deducted while you are entering the associated K-1 form.
Follow these steps:
- Enter your partnership K-1 information in TurboTax.
- As you go through the screens entering your information, you will eventually come to a screen entitled Describe Your Partnership
- Be sure to check the box "I am required to pay supplemental business expenses...."
- You will be prompted to enter your expenses once this is done.
See:
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