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Schedule K1 entries
I am a 2.4% partner in a JV that generated a schedule K1, the issue I am encountering is filling the box 20 code Z (the document I received refers to statement that contains multiple lines AND columns which I cannot enter as shown on the statement) and box 20 code AH (multiple lines with long descriptors that I was more or less able to fill in the table that appears when I click on the amount box, BUT there are informations related to an out of state business site that discuss how the LLC filed a composite return and that we are not required to file an out of state return and that we may be entitled to a tax credit). I know this appears confusing, but the truth is that it is more confusing to me.... any help would be appreciated.
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May 7, 2020
7:42 PM