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Level 1
May 29, 2020
Question

LLC K-1 form - line 13 - letter "W"

  • May 29, 2020
  • 1 reply
  • 7 views

Client with an LLC - schedule K-1 -line 13 - the description letter is "W".  However the lacerte input schedule for K--1 amounts does not have a description for line "W".  where should I input this amount?

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1 reply

itonewbie
Level 15
May 29, 2020

I don't believe any software would have a line dedicated to Line 13 Code W because it can be anything.  You will need to determine which form(s) or schedule(s) those "Other Deductions" belong to and enter them there.

---------------------------------------------------------------------------------Still an AllStar