@Sam Hopi
- Each of your questions has been specifically addressed.
- If you are struggling, then you need to see a tax professional where you can have a one on one.
- Simple summary:
- Line 7 does not apply to your facts; leave it blank. No I'm not providing any more explanation than has already been provided previously.
- The amount from form 8881 goes on Schedule K line 13g with a code P
- This should then carry to the K-1 line 13 as well, also with a code P
- These forums aren't a classroom where you can have dialog back and forth with question after question.
- You have asked the question(s), direction has been provided, follow the directions and you should be good to go. If you need more understanding, meet with a tax professional; which I highly recommend since you are struggling with this matter.
- Is this your final answer...........yes, this is my final answer.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
