I have Schedule K-1 Form 1065, in box 20 it's not checked, but it has information in box 20 showing "AJ * STMS", dose it mean I should report it as checked or not?

posted

No, you must find the statements that were provided with your K1 for Box 20. Usually it is reporting Code Z, which is your qualified business income (QBI) and unadjusted basis immediately after acquisition (UBIA) of the assets. Once you find the statements you will have the correct numbers to enter in Box 20.

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