in k-1 box 20 i see a code aj. and there are two entries for aj in the statement. what should i enter in the tax form

[SabrinaD2]

For Schedule K-1 Box 20 with code AJ, you should enter each amount separately:

1. Enter the first AJ amount for Gross Business Income.
2. Enter the second AJ amount for Total  Business Deductions.

See also: 

• IRS Instructions for Form 1065 Schedule K-1 Box 20 Code AJ
• IRS Instructions for Form 461 - Limitations on Business Losses

Original Post: Intuit Community