Filing DOT worker M&IE

Forum|Forum|6 years ago
October 12, 2019
3 replies
12 views

I have an LLC that is taxed as a partnership so I use a schedule K-1 for my income documentation. My LLC is a trucking company and I am a long haul driver which puts me under the DOT rules. Under which section in Turbo Tax Home and Business would I put my M&IE for my time on the road? Would it go in the "Business" or the "Personal" tab? Both allow the deduction but there is a big difference in the impact of taxes owed. I want to make sure I enter the expenses in the correct tab.

Critter

Level 15

If you do not have a separate business from the partnership then you will NOT make any entries in the Business tab of the program you are using ... in fact you really only need the Deluxe downloaded version.

Why did the partnership not deduct all the expenses ? Does your partnership agreement require you to pay for your own business expenses ?

Critter

Level 15

Did you enter the K-1 from the partnership yet ?

To enter a K-1 go to
Federal Taxes Tab ( Personal in the H & B or SE versions )

Income & expenses
Choose Explore on my own or I'll choose what to work on (if it comes up)
Then scroll way down to Business Items
Schedules K-1, Q - Click the Start or Update button

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

Did you see this screen ?