Where do I enter Partnership K1 Box 13, Code W? "Other Deductions"

[paul7]

The K1 supplement details the amounts as:
Amortization $97
Mgmt & Operating $565
Specialy Allocated Inv Advisory Fees $562
State Tax Expense $6

[PhoebeRoberts]

Where would you like each of those items to appear on the 1040?

[itonewbie · Accepted solution]

You need to check the supplemental statement provided with the K-1 for the nature and character of these deductions in order to determine whether these are deductible and where to make the input.

State Tax Expense could be Sch A but, again, you need to refer to the supplemental statement for guidance.

Investment Advisory Fees could be 2% misc itemized deduction but that wouldn't be relevant for Fed under TCJA even though it may still be deductible for state.  Again, refer to the supplemental statement.

[mstsax]

If it isn't deductible, where can I put it?

[sjrcpa]

Nondeductible expenses.

[mstsax]

yes, but what line to I use on the K-1 input page?  

[sjrcpa]

The one that says nondeductible expenses.

[RichSchultz]

In ProConnect, go to Passthrough K-1s/Partnership Info/Less Common Scenarios, then under SeparatelyStated Income and Deductions enter the information in "Other nonpassive items".  Enter the amounts as negative numbers.