This code along with the partner's share, will appear on the Schedule K-1. The Schedule K-1 codes require that you identify the income, deduction, credit, or other type of amount on the Schedule K. ![]() This pulls up the following regarding line 20 (I have underlined the pertinent information): If you go to the Forms view in your TurboTax program and pull up the K-1 form, you can right click on the line 20 box with STMT for additional information about that line. On Statement A, the rental income of $5057 and the UBIA (unadjusted basis immediately after acquisition) of $62802 are reflected in the second column. I will inform my partner to enter code Z and code AB for line 20 when they file their personal tax return.Īs we discussed, you were concerned that line 20 of your 2019 1065 K-1 did not have certain information listed as it did last year, but rather directs the partner to Statement A. I don't like this solution, but for now I am going to do it as they suggested. ![]() It is not Windows 7 problem, I have Windows 10.
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