Question: 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 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?

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