Specially allocating meals and entertainment for partnership Schedule K-1, Line 18c in ProConnect Tax
by Intuit• Updated 2 years ago
When meals and entertainment are entered as a deduction, the 50% that is nondeductible on the tax return is available to specially allocate to the partners.
To specially allocate meals and entertainment:
- Go to the Special Allocations tab .
- Choose the Travel and Entertainment input from the left column under Amounts to Allocate.Â
- Enter the amounts or percentages to allocate for each partner on the right.
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