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I am trying to determine how to enter box 13 code W for the Schedule K-1 that I received ($2 amount). How do I choose from the Turbo Tax options for Enter Code W Detail?
These are the instruction for LIne 13w: Portfolio Deductions - 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.
individuals, and would reduce your tax basis in the partnership. Please consult your tax advisor.
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‎April 14, 2022
11:27 AM