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February 11, 2025
Question

How do I enter a UPE on my tax return, can it go on the same K1 as the business, or does it need it's own?

  • February 11, 2025
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    February 11, 2025

    You can enter the unreimbursed partnership expenses (UPE) on your own, they don't need to be reported on the Schedule K-1. You will see an option for that after you enter your schedule K-1 in TurboTax on the screen that says Describe the Partnership, choose the option that says I am required to pay supplemental business expenses on behalf of this partnership/LLC for which I am not reimbursed:

     

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