SusanA1
Level 2
02-26-2021
11:04 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you for your response. After doing more reading about the BEAT and the reporting requirements I was planning on leaving the amounts in Box 16. The amounts are showing up on the K-1's for LLC's or other partnerships that are partners of the partnership I am working on. On most of these, I have no idea if the BEAT would apply or not. Is there a downside to leaving them on the K-1?