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The K-1 says, "The entity is a small business and is exempt from the IRC Sec. 163(J) business interest expense limitation."

The K-1 does not have a Box 20 Code AH.

My specific question is:
What should I do with the Box 13 Code V "Other deductions"? This is a large amount. It is listed as a "Pass-through loss and deduction item" in the calculation of IRC Sec. 163(J) Adjustable Income Calculation.

Can I enter the Box 13 Code V number on Schedule D of our Form 1040X as a long-term capital loss?
Wendy
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