Sue928
Level 2
04-06-2021
11:52 AM
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There is an amount on the K-1 (1065), line 20, code AG, gross receipts for section 448(c). According to final review, this needs to be manually entered. I have no idea where. The K-1 belongs to an individual. The amount reported ($46239) represents gross sales less returns for the individuals percentage of partnership. Does it need to be reported on form 1040 somewhere.
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