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?
You'll need to sign in or create an account to connect with an expert.
Thoughts on topic remain welcome! Thanks in advance.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
maldo0427
New Member
kczukoski
New Member
dragonflytax
New Member
foxglovesummer-g
New Member
tax7462-sd
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.