Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Line 16 on Partnership K-1

tdfrance
Level 1

The K-1 from a partnership return in which a partner is an LLC reflects on Line 16 (Foreign Transactions) codes AA, AB and AC with amounts. The partnership has no foreign income or transactions and these codes were not reported on prior year returns. Any help?

Labels (1)
0 Cheers
2 Replies 2
abctax55
Level 15

The IRS did change the codes this year...

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
sjrcpa
Level 15

If it's not hurting anything let it be.


ex-AllStar