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Investors & landlords
@KevinP1 wrote:
How can I enter non-deductible expenses of an investment club partnership so that they carry over to line 18 of the K-1? They currently show as business expenses, but that's not correct.
You are most likely going to have to enter the total on each K-1 in Forms Mode.
Click the Forms icon in the upper right side of the screen, select each K-1, enter "C" for the code and the amount for each partner on Line 18.
‎January 19, 2020
7:29 PM