You'll need to sign in or create an account to connect with an expert.
In the K-1 interview, you will be able to check a box that states "Box 20 information". You will be able to enter all of these codes. Additional entry lines will appear as needed. Add the AH lines separately, and then you will get a screen that will allow you to re-enter the AH amounts for the specific credit they qualify for (AH1 should be the 1st option and AH4 the 4th option, but double-check your supplemental page to be certain).
One note: Code AD will be calculated for the Section 199A deduction. You might get a 20% deduction on the amount reported to you in that box.
In the K-1 interview, you will be able to check a box that states "Box 20 information". You will be able to enter all of these codes. Additional entry lines will appear as needed. Add the AH lines separately, and then you will get a screen that will allow you to re-enter the AH amounts for the specific credit they qualify for (AH1 should be the 1st option and AH4 the 4th option, but double-check your supplemental page to be certain).
One note: Code AD will be calculated for the Section 199A deduction. You might get a 20% deduction on the amount reported to you in that box.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
JLGTT
Level 1
poncho_mike
Level 4
bellis-joshua
New Member
mrpuddington
Level 2
poncho_mike
Level 4