Question
Does a partnership have a limitation on the charitable contribution deduction, like an individual does? What line of Schedule K do charitable contributions go on?
What line of Schedule K do charitable contributions go on?
Does a partnership get to deduct oil and gas depletion?
What box of the K-1 does the information necessary for the partners to compute depletion go in?
What type of income and expenses go on line 2 of Schedule K?
What type of income and expense goes on line 3?
Why are they separated this way?
Do all rental activities (such as a hotel, for instance) go on these lines?What type of income and expenses go on line 2 of Schedule K?
What type of income and expense goes on line 3?
Why are they separated this way? Do all rental activities (such as a hotel, for instance) go on these lines?
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