Handling Mileage and Schedule M-1

[okron38]

Filing a 1065 Partnership return for 2020 (no need to address why, got it covered)

*Quickbooks income is $2800 but does not include travel expenses (Std rate x # of miles) of $2700 (no cash outlay).

*I included the $2700 travel expense in the Auto or Truck Expense section.  TurboTax shows Taxable Income of $100. 

*The M-1 Worksheet (which includes another reconciling item) is off by the $2700 but there is not a Travel Expense line item to list it under (surprised)...what am I missing?  How do get it to reconcile?

[MinhT1 · Accepted solution]

On Schedule M-1, the standard mileage deduction should be listed in item 7: Deductions included in Schedule K, not charged against book income this year. (see screenshot).