I'm fairly certain that UPE reduces the overall taxable income as long as it meets all the criteria below. Which mine does. I ended up adding another K-1 named ...
I changed it to general partner but the UPE are still not being deducted from my taxable income on the 1040. Changing to a general partner does change the "non ...
Thanks. Token number is 1122182.I added the UPE as "other SE non farm profit or loss" on the SE adj worksheet to allow the self employment tax to be computed on...
