Our club is just about to do our taxes on NOCA. Once the 1065 and K-1 forms are completed, I'm wondering where that information goes on each individual's form 1040. I believe the expenses go on Schedule A, and need to be >2% of AGI to be deductible. But where does the portfolio income go on the 1040, and is Schedule E necessary? Any help would be greatly appreciated.
Cory Nelson Sunday Brokers ------------------------------------------------------------ TO CHANGE YOUR SUBSCRIPTION ------------------------------------------------------------ You can change your eMail address, or the way you receive club-treasurers messages at: http://lists.better-investing.org/cgi-bin/lyris.pl?enter=club-treasurers To unsubscribe, send an eMail to YOUR PERSONAL AUTOMATED UNSUBSCRIBE ADDRESS: mailto:[EMAIL PROTECTED] ------------------------------------------------------------
