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Business & farm
Enter this on Form 1065 p5-6, Schedule K Line 20. Under the codes listed for Line 20, use the drop-down menu in the small box on the left to select Code T for Depletion. Then enter the amount to the right. This entry will be allocated to Schedule K-1 for partners according to their ownership percentages.
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March 6, 2024
8:31 AM
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