qbteachmt
Level 15
02-10-2021
10:32 AM
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"The IRS article was dated 2019"
It states clearly at the top it is for 2020.
"Instructions for Form 1120-S (2020)
U.S. Income Tax Return for an S Corporation"
"and the other article did not mention the K-1 codes."
But the first one, the Actual Instructions, have it. First, you use Find, and search for "cash contributions" and I set mine to Highlight All. You find this:
"Certain cash contributions made in 2020 or 2021.
...See Line 12a. Charitable Contributions under Specific Instructions for Schedules K and K-1."
And then, change your find to "Line 12a" and read this part:
"Line 12a. Charitable Contributions"
And below this heading is this subheading: "The codes needed for Schedule K-1 reporting are provided for each category."
And then you keep reading.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
