For that Section I have statement coded AJ with 3 amounts:
Code AJ is listed as excess business loss limitation on Turbo
My K-1 form shows the following:
Code AJ: Aggregate Business Activity Gain(Loss) on Dispo. of Property $26,671
Code AJ: Aggregate Business Gross Income $8,508
Code AJ: Aggregate Business Activity Total Deduction $3833
I initially planned on entering the all, but separately on Box 20 code AJ (even though it doesn't state the exact wording by the code AJ), but wasn't certain that was the right approach.
This is the first year I have seen Code AJ. Thanks in advanced! Any assistance is greatly appreciated.
