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- Partnership--How to Generate Box 20 code AH with Section 754 adjustments
Partnership--How to Generate Box 20 code AH with Section 754 adjustments
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claire
Level 2
02-20-2021
04:28 PM
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The 2020 partnership instructions specify the following for Box 20 when there is Section 754 depreciation: "Code V. Section 743(b) negative income adjustments. The partnership will use this
code to report the net negative income adjustment resulting from all section 743(b) basis adjustments. The partnership will provide your section 743(b) adjustment net of cost recovery at year end by asset
grouping in box 20, code AH."
Any idea how one causes these codes to be generated in Lacerte?
Thank you!
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