MCWinters
Level 3
03-14-2021
12:32 PM
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Hi guys,
I use ProSeries Basic and I have a client who invested in two PTPs in 2020. I am not sure where to enter the information from Box 20 with the following codes on the supplemental Statement 20Z1 (Section 199A PTP Income); 20AB Section 751 gain (loss); 20AE Excess Taxable Income; 20AF Excess business Interest Income; 20AH1 (Bonus Depr Adjustment for most non-conforming states; 20AH2 Gross receipts for unrelated business taxable income purposes; 20AH3 Gross Deductions for Unrelated buisess taxable income purposes; 99O46 Estimated Tax Basis and 99O47 Cumulative Passive Losses.
Any guidance you can shed would be most appreciative.
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