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Self employed
In TurboTax Premier, I am able to report a partnership K-1 with unreimbursed business expenses. The expenses are reported as 'UPE' in Part II Page two of IRS Schedule E.
The losses and expenses may be limited by the passive activity loss limitations on IRS form 8582 Passive Activity Loss Limitations.
Reporting of K-1 income and expense may not be available in the Deluxe version of TurboTax.
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March 29, 2023
2:07 PM