JkG
Level 2
03-28-2019
11:22 PM
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I wish they hadn't taken away "K" on line 13 for other portfolio deductions subject to the 2% floor because although they are not deductible for federal, they still may be deductible for state and they impact the calculation of basis. Now I have to input these expenses in the non-deductible section. Most partnerships are not reporting it that way.