
Get Ca Schedule K-1 (565) 2016
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Related links form
The 2% floor portfolio deductions refer to the rule that allows taxpayers to deduct only those expenses that exceed 2% of their adjusted gross income. In California, this includes unreimbursed employee expenses and certain investment-related expenses. These deductions can be reported on the CA Schedule K-1 (565) if they apply to your income from a partnership or S corporation. Understanding this concept helps you maximize your potential deductions.
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