Skip to main content
Level 2
June 6, 2022
Question

I am trying to figure out how can the box 13 W-other deductions need to be entered in form 1040

  • June 6, 2022
  • 1 reply
  • 4 views

there is box 13 W on partnership tax return and I need to figure out how will that flow in personal tax return 

This topic has been closed for replies.

1 reply

HarshaAuthor
Level 2
June 6, 2022

I have a Box 13 w- Other deduction for commission expenses in partnership tax return. I am trying to figure out where should it flow in form 1040 so that the client can get a deduction benefit.

the instruction in pro-series says that it needs to be manually entered in the personal tax return. 

The commission was paid for investment business purpose.

Level 15
June 6, 2022

I think you need to ask the preparer of the 1065 about it.

A commission paid by the Partnership for a business reason would generally just go on page 1 of the 1065, and would affect Box 1 of the K-1.  It would not be listed separately on the K-1.  So you need to find out more about exactly what it is and why it is separated on the K-1.

HarshaAuthor
Level 2
June 6, 2022

thank you for clarifying.