SL2020
Level 1
08-15-2020
08:21 AM
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How does taxable income flow to Partnership K1, schedule L for 2019
2 Replies 2
abctax55
Level 15
08-15-2020
12:27 PM
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Same way it did for 2018?
Net income adjusts Line 21, on Sch L.
Former Chump..umm... AllStar.
"the game of life is hard to play"
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"the game of life is hard to play"
If a post answers your question, click on *Accept as solution* for future searches
SL2020
Level 1
08-17-2020
05:45 PM
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Let me be more clear; Why is book income flowing through to Schedule L on the K1 when it should be taxable income? Please note that tax basis capital account accounting method is checked on the information worksheet.
Thank you