Form 1065 - Other Deductions or Expenses
1

Other deductions or expenses that do not conform to the separate lines for deductions on Form 1065 U.S. Return of Partnership Income are reported on Line 20.

To enter this information in the Partnership Q&A:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Business Deductions in the Federal Quick Q&A Topics menu, then continue with the interview process to enter all of the appropriate information.
  3. On the screen titled Other Deductions, click Yes.
  4. On the second screen titled Other Business Deductions (Cont.), enter the Description and Amount, then click Continue. If more is needed, click the Add additional other deduction item link.