I invested $100K as a limited partner in a hedge fund in
2006, which declined to $49K, but when I use Turbotax, I am surprised that this investment has greatly increased my taxes. On the K-1, the nonzero items, in thousands of dollars, are-21 (1) Ordinary business income 52 (5) Interest income 5 (6a) Ordinary dividends
-11 (11f) section 1256
-15 (11f) mixed straddle short term
-22 (11f) mixed straddle long term
1 (13v) management fees 1 (13v) operating expense 25 (13v) interest expense 13 (13v) dividend expenseMy question is if the (13v) interest expense can be reclassified as "investment interest expense"? What about the (13v) dividend expense? Is there some other way to get the dividend expense to offset the ordinary dividends in (6a) and to carry over the dividend expense to ordinary dividends recieved in future years?
>
>
>
>
>
>
>
>
>