sky3845
New Member

Unreimbursed Partnership Expenses (UPE) not deducted for Limited Partners

I am a Limited Partner of a law firm who received K-1 this year.

 

When I chose Limited Partner from interview, Turbotax won't deduct any of my Unreimbursed Partnership Expenses (UPE).

 

I answered that I am materially participating and also checked both "I am required to pay supplemental business expense…" and "All of my investment in this activity is at risk" buttons.

 

However, no matter what I do in the UPE section, Turbotax won't deduct any taxes.

Turbotax deduct those expenses only if I change my partnership to General Partner.

 

Is this working as intended? Can Limited Partners not claim UPE at all in Turbotax?