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

1065 K-1 line 13, code R - how do you enter in Proconnect?

 
0 Cheers
1 Comment 1
George4Tacks
Level 15

Code R. Pensions and IRAs. Payments made on your behalf to
an IRA, a qualified plan, a simplified employee pension (SEP), or a
SIMPLE IRA plan. See the Schedule 1 (Form 1040) instructions for
line 20 to figure your IRA deduction. Enter payments made to a
qualified plan, SEP, or SIMPLE IRA plan on Schedule 1 (Form
1040), line 16. If the payments to a qualified plan were to a defined
benefit plan, the partnership should give you a statement showing
the amount of the benefit accrued for the current tax year


Here's wishing you many Happy Returns
0 Cheers