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February 13, 2025
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I am part of a partnership LLC that rents beach property. I have personal expenses not included on tax reporting for the LLC. Where do I enter those expenses?

  • February 13, 2025
  • 2 replies
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The expenses are mileage and meals spent on maintenance trips during the offseason
    Best answer by M-MTax

    You can deduct the expenses in the K-1 section of Turbotax as Unreimbursed Partnership Expenses (UPE).

     

    The LLC should have language in its operating agreement that requires you to pay those expenses out of your own pocket without reimbursement.

    2 replies

    M-MTax
    M-MTaxAnswer
    February 13, 2025

    You can deduct the expenses in the K-1 section of Turbotax as Unreimbursed Partnership Expenses (UPE).

     

    The LLC should have language in its operating agreement that requires you to pay those expenses out of your own pocket without reimbursement.

    February 13, 2025

    You will look for the screen below to indicate that you had Unreimbursed Partnership expenses.  This will be reported on your Schedule E as UPE.