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Where should I enter portfolio deduction subject to 2% from a K-1 in the 2018 individual tax module? Is this considered non-deductible exp & reduce tax basis?
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Not deductible for federal tax purposes. It's an expense, nonetheless, and will reduce cost basis.
Do you have a state return that allows itemized deduction which either does not conform to the IRC or has decoupled from TCJA?
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