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Bob
Where did yahoo cmics go?
2 réponsesOther - Yahoo Productsil y a 5 ansPartnership 1065, K-1; how to deduct non-reimbursed expense?
Two man partnership, 13,000 income, 4,000 rent, 6,000 other deductions . I completed the 1065 and brought over $1,500 per partner to the K-1, line 1 Ordinary business income to be brought into schedule E.
Both partners have mileage and paid their own cell phone bills - business related. Where would this expense be noted and deducted off their 1040? What forms and lines would it be entered on?
Thanks in advance.
4 réponsesUnited Statesil y a 7 ans