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Where do you put k1 line 13w if not deductible but needed to reduce basis? Is a basis adjustment the only way?

 
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2 Comments 2
George4Tacks
Level 15
When posting a question please give ALL INFORMATION NEEDED TO ANSWER THE QUESTION.
In this case, what flavor of K-1 is being worked with?

Answers are easy. Questions are hard!
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PhoebeRoberts
Level 11
Level 11

I add it to non-deductible expense, because that's what it is.