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?

Answer rating: 100% (QA)

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 a... View the full answer