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Business & farm
The "X" on Line 20 is the box code for the explanation on a Supplemental Information sheet that accompanies Schedule K-1. According to the Instructions for Schedule K-1, code X is for "Payment Obligations including guarantees and DROs." The supplemental info sheet should include more information about your portion of debt.
Interest Income is directly allocated to the partners and is not included in QBI for the partnership. This may be the difference you are seeing on Statement A.
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‎February 10, 2025
7:38 AM