K-1Form 1065 Part III line 13 Code AE goes to Code W-ZZ? How to proceed?

[jloechl]

WE received an unexpected K-1 form 1065 after filing our 1040 which was accepted 03/20/2026. This year we had a refund which we asked to have applied to our first 2026 Estimated Tax payment.

The K-1 received the end of March has generated 2 problems:

1. Part III Box 13 has code AE* and a value of $305.00 but the K-1worksheet sends it to the area for W to ZZ and I don't know what to do about that or what it wants. Other taxes is high lighted in pink?

AE* The K-1 statement says Other deductions may not be deductible for some tax payers..

2. 

[Mike9241]

k-1  line 13 ae is portfolio deductions which are no longer deductible for federal purposes. I have absolutely no idea what code w-zz would be  - perhaps state, since some still allow this deduction.

[jloechl]

Thank you for your help! I will keep trying for an answer from TT, No idea why this entry ends up going to Code w to ZZ part of the worksheet