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K-1 Line 20

pg47
Level 3

What do I do with Code AG on Line 20 of K-1 for Partnership referring to Gross Receipts for section

448(c)?

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1 Solution

Accepted Solutions
JRC
Level 5

https://www.irs.gov/instructions/i1065sk1#idm140228275668976

Attached are the instructions for Partners who receive a K1.

For most you would not need to worry about if their receipts are less than $26 Million.

 

 

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2 Replies 2
JRC
Level 5

https://www.irs.gov/instructions/i1065sk1#idm140228275668976

Attached are the instructions for Partners who receive a K1.

For most you would not need to worry about if their receipts are less than $26 Million.

 

 

View solution in original post

pg47
Level 3

Thank you for the only reply. Much appreciated.

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