3095270
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?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
RamGoTax
New Member
acwellssr
New Member
nirbhee
Level 3
hliu94306
New Member
hliu94306
New Member