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Business & farm
In the Schedule K-1 interview, choose Box 20 Code ZZ instead of AJ. Leave the amount blank. Continue until you see "Enter Other Information Detail." Enter two lines: Label one line "AJ - Aggregate Business Income" with the number from Box 20 additional information and the second "AJ - Aggregate Business Deductions" (usually a negative number).
Your entries appear on the K-1 worksheet under Box 20 Code AJ to ZZ Line 6.
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March 18, 2024
11:12 AM