Support CenterHow do I make entries on lines 13j and 17c-e on Form Schedule E K1 P/S in SureFire 2016?
🔍 How do I make entries on lines 13j and 17c-e on Form Schedule E K1 P/S in SureFire 2016?
This guide explains what to enter for:
- Line 13j (Section 59(e)(2) expenditures)
- Lines 17c-e (where the amounts flow in SureFire 2016)
⚠️ Before You Begin
Before making entries, make sure you understand whether you are:
- Making the election on Form 4562, or
- Not making the election (and instead reporting the expenditures directly)
📊 Step-by-Step Guide
Step 1: Enter amounts for line 13j (Section 59(e)(2) expenditures)
Use this when you need to enter Section 59(e)(2) expenditures for line 13j.
For line 13j, the Section 59(e)(2) expenditures is entered on Form 4562.
According to form instructions:
Make the election on Form 4562. If you make the election, report the current year amortization of section 59(e) expenditures from Part VI of Form 4562 on line 28 of Schedule E (Form 1040). If you do not make the election, report the section 59(e)(2) expenditures on line 28 of Schedule E (Form 1040) and figure the resulting adjustment or tax preference item (see Form 6251, Alternative Minimum Tax Individuals).
Whether you deduct the expenditures or elect to amortize them, report the amount on a separate line in column (h) of line 28 if you materially participated in the partnership activity. If you didn't materially participate, follow the Instructions for Form 8582 to figure how much of the deduction can be reported in column (f).
Step 2: Enter amounts for lines 17c-e
Use this when you need to enter amounts for lines 17c-e.
For lines 17c-e, amounts are entered on line 26 of Form 6251, Pg. 1.
❌ Common Errors
Common mistakes include:
- Entering Section 59(e)(2) expenditures in the wrong place instead of on Form 4562 for line 13j.
- Not following the correct reporting method based on whether you make the election on Form 4562.
- Entering lines 17c-e amounts anywhere other than line 26 of Form 6251, Pg. 1.
📞 Still Need Help?
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Phone: 1-800-516-9442
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