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New Member
June 22, 2026
Question

Passthrough K-1 entry on line 13, Code AE, for a portfolio income deduction.

  • June 22, 2026
  • 1 reply
  • 27 views

ProConnect question.  A Passthrough K-1 has an entry on line 13, Code AE, for a portfolio income deduction.  If I go to Passthrough K-1s and choose Lines 12-19, then scroll down to Other Deductions (13) I see no button to expand the field and bring up a window to select the appropriate K-1 code and no place to enter data.  I’ve tried Ctl-E and Cmd-E and nothing happens.  What do I do?

1 reply

sjrcpa
Level 15
June 22, 2026

For an individual taxpayer it is nondeductible so I’d enter it as nondeductible expense for basis calculation purposes.

The more I know the more I don’t know.