Enter unreimbursed partnership expenses (not deductible as an itemized deduction on Schedule A (Form 1040) Itemized Deductions), directly on the Schedule K-1 (Form 1065) in the Additional Information section. The total amount of unreimbursed partnership expenses will flow to Schedule E (Form 1040) Supplemental Income and Loss, on page 2. The name on Line 28 of Schedule E will be reflected as "UPE" (Unreimbursed Partnership Expenses). This amount will also flow to the Schedule SE (Form 1040) Self-Employment Tax as an adjustment.

To enter this in your TaxAct return:

1. From within your TaxAct Individual return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
2. Click the Business Income dropdown, then click Partnership income (Form 1065 Schedule K-1).
3. Click + Add Partnership Schedule K-1 to create a new copy of the form or click Edit to edit a form already created (desktop program: click Add for a new copy, or Review instead of Edit).
4. Continue with the interview process until you reach the screen titled Partnership - Unreimbursed Partnership Expenses, enter your info in the field below Unreimbursed partnership expenses to report on Schedule E, then click Continue.

Note. There is a separate worksheet to enter the business use of your home expenses.

For additional information, see:

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.