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Unreimbursed Partnership Expenses

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    Unreimbursed Partnership Expenses

    I had previously posted about a client who had mileage and other unreimbursed expenses related to a daycare business she is a partner of.

    TTB 20-5 states that allowable expenses are deducted on Part II of Schedule E and need to be entered as UPE on (h) of line 28.

    I was given the direction to put add'l expenses on Schedule E, Part 2, Line 28 B in Column I.

    I've spoken to my client about the case ruling on page 20-6 of TTB and she states that she can get such an agreement written up with no problem from her partner, and that one of her employees is a notary, so she'll have it notarized.

    When I try to enter these UPE, I can't seem to get them in. My software (ProSeries) doesn't allow me to type in there directly. It seems to me the info. is entered elsewhere and then becomes transfered to that section. There must be a spot I enter the expenses, but I have searched high and low. I was so frustrated last night, I visualized tossing my computer across the room. What am I not seeing? Any direction would be greatly appreciated!

    #2
    Partnerships

    You need to call the help line for ProSeries. I used TSPro and I turn to them for this kind of assistance.

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      #3
      Under the K-1 Partner there is a sub-account "Suppl Exp-P" for the supplemental expenses and it will make the entry on page 2 of the Schedule E.
      http://www.viagrabelgiquefr.com/

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