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Schedule K-1 Line 16AA

AtlasDaniel
Level 2

When I enter dispositions for a partnership, I am curious why Schedule K-1 Line 16AA gets populated. This has never happened before to me. Did something get changed I am not aware of? Normally I would simply allocate the capital gains among the partners. All partners are individuals or domestic LLCs. 

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itonewbie
Level 15

This post may help: https://proconnect.intuit.com/community/proconnect-tax-discussions/discussion/re-1065-only-domestic-...

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itonewbie
Level 15

This post may help: https://proconnect.intuit.com/community/proconnect-tax-discussions/discussion/re-1065-only-domestic-...

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Still an AllStar
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