When reviewing the DEDUCTIONS page in Taxable Income, any various other expense amounts may be displayed at label L1: Other Amounts.
By default, these amounts will be displayed as a Deductible Amount.
Other amounts may include Fund Formation Costs, which by default will be shown as Deductible. If you do not with to claim a Tax Deduction for Fund Formation Costs Written Off, you can manually enter the amount in the Non-Deductible Expenses Column at L2.
If there are other amounts shown at L1 that you do not wish to claim a deduction for, you can manually enter these amounts in the NON DEDUCTIBLE EXPENSES column at L2
The amount in the DEDUCTIONS column will change to 0 and these other amounts (including any Fund Formation Cost) will show as a Non-deductible expense in the Totals section.
If any figure appears in either L1 or L2, use the drop-down list to select the appropriate explanation.
