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Level 1
August 24, 2022
Question

Where do you put k1 line 13w if not deductible but needed to reduce basis? Is a basis adjustment the only way?

  • August 24, 2022
  • 2 replies
  • 9 views
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2 replies

George4Tacks
Level 15
August 24, 2022
When posting a question please give ALL INFORMATION NEEDED TO ANSWER THE QUESTION.
In this case, what flavor of K-1 is being worked with?
Answers are easy. Questions are hard!
PhoebeRoberts
Intuit Community Champion
August 24, 2022

I add it to non-deductible expense, because that's what it is.