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Line 16 on Partnership K-1

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?

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2 Replies 2
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

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Level 15

If it's not hurting anything let it be.