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

lpdunbar-comcast · ‎08-24-2022

George4Tacks · ‎08-24-2022

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 · ‎08-24-2022

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