Hello,
I'm using Turbotax Premier 2025 to enter Schedule K-1 for Partnership Form 1065.
- Line 16 is checked off and schedule K-3 is provided. If all the income is from US and there are no foreign taxes, can I just leave it blank? TT says I can but I want another opinion.
- Box 20
code U - I have a statement with "Goodwill" description and original basis, accumulated depreciation and remaining basis. What exactly do I enter here?
code AJ - I have a statement with aggregate business activity gross income amount and aggregate business activity deduction. What do I do here? TT doesn't support the form 461. Can I skip it if ?
Thank You for all your help.
