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K-1 Box 20 codes

tracey
Level 1
Is there an input for K-1 codes 20AH1, 20AH2, 20AH3, 99O46 and 99O47?

 * 20AH1 bonus depreciation adjustment for most non-conforming states

 * 20AH2 gross receipts for unrelated business taxable income purposes

 * 20AH3 gross deductions for unrelated business taxable income purposes

 * 99O46 estimated tax basis

 * 99O47 cumulative passive losses

On the K-1 I have, the amount on Line 20V is the difference between the 20AH1 and 20AH2, so not sure if this is just informational or if it needs to go somewhere on the return. 

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abctax55
Level 15

The entity producing the K-1 needs to provide the details as to the nature of the amounts coded that way (and in my experience...they are usually rather *odd* categories)

Former Chump..oops..AllStar...I used to be a people person, then people ruined it


If a post answers your question, click on *Accept as solution* for future searches

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abctax55
Level 15

The entity producing the K-1 needs to provide the details as to the nature of the amounts coded that way (and in my experience...they are usually rather *odd* categories)

Former Chump..oops..AllStar...I used to be a people person, then people ruined it


If a post answers your question, click on *Accept as solution* for future searches

View solution in original post

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seeking answers
Level 1

On Enterprise K-1, what do I do with k-1 codes 99O46 and 99O47?

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Doug Marek
Level 1

Enterprise Products Partners 2019 K-1 Codes  99O46 &99047

Talked with rep @ the 800-599-9985 Tax Package Support #.

Was told that the 99### K-1 codes are just informational and NOT for placement on Form 1065.

cap1111
Level 1

Thank you sooooo much for  this info Mark. Exactly what I as looking for.

Was the "Tax Package Support a part of Enterprise or TurboTax?

Cap1111

~~~~~~~~~~~~~~~~~~~~~

 

Enterprise Products Partners 2019 K-1 Codes  99O46 &99047

Talked with rep @ the 800-599-9985 Tax Package Support #.

Was told that the 99### K-1 codes are just informational and NOT for placement on Form 1065.

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IntuitBettyJo
Community Manager
Community Manager

Hi there,

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Cheers!

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