I've got a PTP K-1 with Sec 951A income. The correct tax return presentation is anything treated as ordinary / nonpassive / subject to NIIT, so I'd be happy with any of Line 21, non-qualified dividends, or SchEp2 nonpassive income.
In the 1040 package, there are new input fields for 951A income (new this year!), 965(a) inclusion (last year I concluded that Line 21 was the IRS-preferred presentation), and Other Subpart F (non-qualified dividends per my longstanding notes).
As of today, entries in those fields go nowhere, and produce no diagnostic to that effect. F1 Help just has the field name. There's a 40 minute hold time to report the issue. Any chance anyone else has already talked to tech support about this? If so, is it anticipated that these fields will actually work later?
Solved! Go to Solution.
I haven't seen ANY PTP K-1's yet....this season is starting off more slowly than any one I can remember. Our weather has played a big part in that issue also. I'm dreading March.