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In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
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- How do you enter line 20 AA on individual partner's K-1 on form 1065 for amount of recognized built-in gain?
How do you enter line 20 AA on individual partner's K-1 on form 1065 for amount of recognized built-in gain?
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TDCPA
Level 1
01-16-2023
11:26 AM
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property contributed with a built in gain was sold in 2022
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2 Comments 2
George4Tacks
Level 15
01-16-2023
12:45 PM
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Entering Code AA - Section 704(c) information
Entries into this field show adjustments to the partners' capital account and wouldn't need to be entered into the individual return.
Here's wishing you many Happy Returns
