On a Schedule K-1 (Form 1041) what do the codes in box 14 mean? Mine has a B and an I

posted

Connect with an expert

1 Reply

On a Schedule K-1 (Form 1041) what do the codes in box 14 mean? Mine has a B and an I

The codes help determine how the amounts are treated on your tax return:

Box 14 code B is Foreign Taxes

Box 13 code I is information for the Section 199A (or Qualified Business Income) deduction

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post