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- Allocation of other deductions on Schedule K, Form 1065, to only certain partners.
Allocation of other deductions on Schedule K, Form 1065, to only certain partners.
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laurojr
Level 1
03-07-2022
10:48 AM
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Have a partnership return for 2021 with 4 partners. There is an amount of "other deductions" reported on line 13d of Schedule K. This should be allocated to only two of the partners. This is being done on "Special Allocations" tab, and being shown correctly on Schedules K-1 for each partners. However, for Schedule K-1, Box 20, the other deductions is being allocated to all the partners. I only need it to be allocated to two partners. Any thoughts on how to do this?
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