What is the name of your state? PA
Schedule K-1 for partner's share of limitied partnership reports in Item 1, ordinary income, $3,843. Under 13V, separately stated depreciation of $783, amortization of $6,096, and separately stated amortizaiton of $26. Can these deductions be taken against ordinary income?
Schedule K-1 for partner's share of limitied partnership reports in Item 1, ordinary income, $3,843. Under 13V, separately stated depreciation of $783, amortization of $6,096, and separately stated amortizaiton of $26. Can these deductions be taken against ordinary income?