Thank you for your help with this issue. I have done all those steps that you outlined.
This is the page of those steps that I get to that I don't know how to answer: Enter Code W Detail
"Enter Code W Detail
Select the type of detail supplied on your K-1, box 13, code W. Then fill in the requested detail regarding the $2 you entered on Box 13, for Code W.
Early Withdrawal Penalty
Investment Interest Expense
Miscellaneous Itemized Deductions
Nonpassive Deductions to be Reported on Schedule E, Page 2
Section 754 Depreciation
Taxes and State Income Withheld
I Have Another Description Item"
I am require to select one of the above options, but my Schedule K-1 does not seem to give any specific instructions on this. There is an asterisk in box: 13 W* with the $2. *See attached statement for additional information." The 2021 Schedule K-1 Instructions page gives this message 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."
I do not know which of these above options is the correct one. If you have any advice, it will be most appreciated.
