itonewbie
Level 15
02-29-2020
10:47 AM
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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.
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Still an AllStar
Still an AllStar