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DCO1
Returning Member

Misc Deductions Line 28

I have received a final K-1 from an Estate. Box 11 B is checked and includes several thousand dollars that the fiduciary states is an Other Miscellaneous Deduction - Not Subject to 2% limitation. When I enter the information on the K-1 section of EasyStep, I get a warning that I need to enter the amount(s) from the statement in the corresponding topic in TurboTax.

 

There is a section in the Misc Dedns worksheet (Line 28) that allows for "Expenses related to portfolio income from Schedule(s) K-1", but I can't find any way to populate that entry without using Override. Of course, if you use Override, then TurboTax flags it as an error and won't let you electronically file your taxes.

I have tried to enter the amounts under "Retirement Investments - Other Investment Expenses" and "Other Deductible Expenses" and in both cases, it just crosswalks it to "Miscellaneous Expenses - Subject to 2% Limitation".

 

Is there a place to enter it so that it flows into the Misc Dedns worksheet, Line 28"Expenses related to portfolio income from Schedule(s) K-1" like it is supposed to and thus onto Line 16 of the Schedule A?

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