Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

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)?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
JRC
Level 8

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

2 Comments 2
JRC
Level 8

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.

 

 

pg47
Level 3

Thank you for the only reply. Much appreciated.

0 Cheers