Cmbmichael
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I entered the amount onto the K-1 Addl Info form Line 13 Code WW to ZZ, but it did not carry over into Schedule E p2. I did not see a yellow box.
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I ended up manually subtracting the deduction from the income reported on my K-1. Turbo Tax had nowhere to input the deduction, even after I updated the softwar...
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I'm using Turbo Tax desktop. The deduction is a SALT/PTET (State and Local Tax/Pass Through Entity). The deduction came into existence through a new law passed ...
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How do I enter it manually on Schedule E?
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The deduction was listed in box 13, code ZZ. I have in writing from the partnership issuing the K-1 that it is considered a non-passive deduction and that shoul...
Activity Feed for Cmbmichael
- Posted Re: Schedule E in TurboTax on Business & farm. April 1, 2024 6:51 AM
- Cheered Re: K-1 Box 13 deduction for PatriciaV. March 28, 2024 8:08 AM
- Posted Re: K-1 Box 13 deduction on Get your taxes done using TurboTax. March 27, 2024 11:46 AM
- Cheered Re: K-1 Box 13 deduction for RobertB4444. March 12, 2024 10:59 AM
- Posted Re: K-1 Box 13 deduction on Get your taxes done using TurboTax. March 12, 2024 4:46 AM
- Posted Re: K-1 Box 13 deduction on Get your taxes done using TurboTax. March 11, 2024 5:21 PM
- Posted Re: Schedule E in TurboTax on Business & farm. March 11, 2024 5:19 PM
- Posted Re: Schedule E in TurboTax on Business & farm. March 11, 2024 10:30 AM
- Posted K-1 Box 13 deduction on Get your taxes done using TurboTax. March 11, 2024 10:23 AM