Form 1065 Partners Basis

[Rpiano]

Preparing a form 1065 for a partnership (LLC) that owns a house. There is no rental income and we only file the 1065 so we can report the Real Estate Taxes and Mtg Interest on the K-1 line 13W for the taxpayers to deduct on their personal return.

However, there are other expenses that are non-deductible (18C) that I have inputted to reduce tax basis for each partner. I cannot get these expenses to show on the Partners basis Worksheet line 11 (nondeductible expenses).

Any ideas?

Thanks in advance

[Terry53029 · Accepted solution]

Did you enter them on 1065 page 4-5

[Rpiano]

Thanks for responding, I actually just figured it out. I was missing the Nondeductible Expense smart worksheet.