Where can I take expenses against Guaranteed Payments?
Sch K-1 (Form 1065) has Guaranteed Payments to be included on pg. 2 Sch E of 1040. How can I deduct MANY expenses not reimbursed by LLC? There are many expenses such as M&E, Travel, Office Expense, Section 179, etc. Am I supposed to enter ALL these on page 2 Schedule E line 28 as a separate item?