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Business & farm
Your suggestion does NOT work. You said "you have the option to omit the code and the amount(s) from Schedule K-1." I did two things: 1) I removed the amount in Box 20 Code AJ, then went back and deleted Form 3468. I my case I own two Oil and Gas Partnerships, so I did this for each partnership. After doing so, it still insists on me filling out a Form 3468 for each Partnership. You'd think by editing and removing any amounts on Box 20 Code AJ that it would stop requesting that I apply for a tax credit (that doesn't apply to me) and fill out a Form 3468
March 16, 2024
5:57 PM