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Thank you for this info. A couple follow up questions when preparing the 1040:1. On Schedule K-1 for year 2019, there is a new section, Box N - Partner's Share ...
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On Schedule K-1 for year 2019, there is a new section, Box N - Partner's Share of Net Unrecognized Section 704(c) Gain or (Loss). The beginning balance is $100,...
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Thank you for the reply, Sjrcpa. I appreciate it.We will report the partnership income on the NY return. I noted there is no NYC tax on nonresident partnership ...
