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Level 2

K-1 Box 13 Code D

The code to support K-1s with Code D in Box 13 was just released today.

 

To my surprise, though, my simple tax return now has numerous errors, all of which on the "Schedule A Line 17 Noncash Contributions Worksheet".

 

I'm being asked to provide numerous details that are not included on the K-1, such as the name and tax ID number of the charity receiving the noncash contribution, the appraisal method, the appraiser name and address, etc.

 

This is puzzling to me, because when I read the IRS Schedule K-1 (Form 1065) instructions, the section pertaining to Box 13 Code D simply says "Report this amount, subject to the 30% AGI limitation, on Schedule A (Form 1040), line 12."

 

Box 13 Code C has a long set of instructions, and it is apparent that you will need access to all sorts of supplemental information from the partnership's tax return in certain cases.

 

But Box 13 Code D is very simple and clean -- at least according to the published instructions, you shouldn't need it.

 

Is it possible this is a bug? It seems like "Code D" is being treated just the same as "Code C", when it should be different.