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K-1 Box 20 "dollar amount"
Filling out my K-1 I have a problem. After I've entered everything from my K-1, I get to a screen titled "Enter Box 20 Other Information Amounts". I'm asked, "Fill in the dollar amount of the credit reported on box 20 of your Schedule K-1. In Box 20 for "Other" have entries for:
ZZ1 - Section 951A Income Inclusion - 10% Shareholders
ZZ2 - Tested Foreign Income Taxes - 10% Shareholders
ZZ3 - Dividends Eligible for IRC Section 243
ZZ4 - Dividends Eligible for IRC Section 245A
ZZ5 - U.S Obligation interest in box 11
What "dollar amount" are they asking for? Am I supposed to add all those up? Just some of them? I have no idea because TT simple asks for the "dollar amount".
‎October 1, 2024
11:22 AM