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