Ok thanks!  I take it then that when we receive a K-1 from an outside source and it has "L" then it is go to go as a Schedule A deduction and that the decision was made on that Partnership level that it was deductible even though it says Deduction Portfolio.  In the one case we saw thus far we knew it was actually Investment Management Fees (cause actually we did the partnership return) and shouldn't have put it on the K-1 as code "L" but rather as a nondeductible expense.  Concur?  Learning as we go, ugh! 🙂