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Code 14H on K-1
I'm having trouble completing the K-1 section for beneficiaries. Specifically, Code 14H is a negative number on the K-1 I received. It is supposed to negate the amount on line 5 because I do not owe taxes on the inheritance (only on any interest/dividends), but it is including it as income. How do I correct this?
‎February 23, 2025
8:09 AM