hsbyun
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12-07-2019
09:58 AM
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IRS has changed some aspects of form K-1. In 2017, code 16M was "Total foreign taxes accrued", in 2018 code 16M is now "Deductions allocated and apportioned at partnership level to foreign source income --Passive category". The instructions in online help (link below) are two years old and need to be updated.
https://accountants-community.intuit.com/articles/1860048-partnership-k-1-input-box-16
Similarly, K-1 box 20AH for DPAD is no longer used by IRS yet ProConnect Online itself has not reflected this change.
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