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Where do you enter information on a K1 line 13 code W and states allocated operating

MikeH53
Level 1
 
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4 Comments 4
TylorValdez1
Employee
Employee

What does the supplemental information say exactly is 13 W?

 

Sandra F
Level 1

W -Real Estate Taxes -Sec 212  $322

W -Professional Fees $56

W -Taxes & Licenses $1

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abctax55
Level 15

@Sandra F 

Tagging on to a months old thread, and providing *very* limited info really isn't the best approach.

I suggest you do research on §212 limitations to determine if your client can deduct these expenses.

"*******Tax software is no substitute for a professional tax preparer*******
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George4Tacks
Level 15

Hopefully this helps for those "other"

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Here's wishing you many Happy Returns
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