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 top left corner of your screen, then click Federal).
  2. ClickBusiness Deductions, continue with the interview process until you reach the screen titled Other Deductions, then click Yes.
  3. On the second screen titled Other Business Deductions (Cont.), enter the Description and Amount (if more is needed, click Add additional other deduction item).