1. Does a partnership have a limitation on the charitable contribution deduction, like an individual does? What line of Schedule K do charitable contributions go on? Does a partnership get to deduct oil and gas depletion? What box of the K-1 does the information necessary for the partners to compute depletion go in?

What type of income and expenses go on line 2 of Schedule K? What type of income and expense goes on line 3? Why are they separated this way? Do all rental activities (such as a hotel, for instance) go on these lines?What type of income and expenses go on line 2 of Schedule K? What type of income and expense goes on line 3? Why are they separated this way? Do all rental activities (such as a hotel, for instance) go on these lines?