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If one codes a Line 13 expense as Code L, this is limited to certain misc. exps. that never were subject to the 2% such as amortizable premiums on taxable bonds...
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Portfolio expenses that were formerly subject to the 2% rule should NOT be shown as nondeductible expenses on 18 C. They should be on Line 13, Code W. In ProSer...
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Portfolio expenses that were formerly subject to the 2% rule should NOT be shown as nondeductible expenses on 18 C. They should be on Line 13, Code W. In ProSer...
