in [Event] MetLife & TurboTax Present: The Ask Us Anything Forum
I have various descriptions for Code W:
- Cash Contributions
- Interest Expense
- Asset Management
- All Other Deductions from Pass-Through
- Other 2% Floor
First question: Is there any rule on which should be entered as positive or negative?
Second question: If these items don't impact the income / loss generated by partnership activity, where on the return would/should they appear and do I have to enter them there manually?
Third question: If they don't appear elsewhere, what is the point in providing the information to me?
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Thoughts on topic remain welcome! Thanks in advance.
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