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- ProConnect Online help instructions for Form K-1 Line 16 letter codes are outdated and inaccurate given changes to K-1 form.
ProConnect Online help instructions for Form K-1 Line 16 letter codes are outdated and inaccurate given changes to K-1 form.
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hsbyun
Level 2
12-07-2019
09:58 AM
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IRS has changed some aspects of form K-1. In 2017, code 16M was "Total foreign taxes accrued", in 2018 code 16M is now "Deductions allocated and apportioned at partnership level to foreign source income --Passive category". The instructions in online help (link below) are two years old and need to be updated.
https://accountants-community.intuit.com/articles/1860048-partnership-k-1-input-box-16
Similarly, K-1 box 20AH for DPAD is no longer used by IRS yet ProConnect Online itself has not reflected this change.
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George4Tacks
Level 15
12-07-2019
09:58 AM
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@Intuit BettyJo could pass this on to PTO developers to consider.
Here's wishing you many Happy Returns
Here's wishing you many Happy Returns
IntuitAustin
Intuit Alumni
12-07-2019
09:58 AM
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Thanks @George4Tacks
I will get this reported to our development team @hsbyun
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I will get this reported to our development team @hsbyun
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Accept as solution"
