pg47
Level 3
04-27-2021
01:18 PM
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What do I do with Code AG on Line 20 of K-1 for Partnership referring to Gross Receipts for section
448(c)?
Solved! Go to Solution.
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JRC
Level 8
04-27-2021
04:52 PM
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https://www.irs.gov/instructions/i1065sk1#idm140228275668976
Attached are the instructions for Partners who receive a K1.
For most you would not need to worry about if their receipts are less than $26 Million.
pg47
Level 3
04-28-2021
12:25 PM
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Thank you for the only reply. Much appreciated.
