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hey there youtube so for this video i wanted to cover um the tax treatment and reporting for unreimbursed partnership expenses so iamp;#39;ve got one sign in front of us here with the with the rules and some examples and then iamp;#39;ve got a sample schedule e that weamp;#39;ll look at for john q taxpayer when he deducts his unreimbursed expenses so generally partnerships are required to file a 1065 right and then a k1 goes to each owner of the entity now for the owners that are actively participating in the business um because of their material participation they report line one uh their ordinary income or loss of schedule e and then the income is active to them or non-passive rather than passive income and thatamp;#39;s an important distinction between because if the entity is generating a net loss um and the owner does not materially participate in the company then the passive activity loss rules would apply okay now itamp;#39;s actually quite common for partners in a partners
