I have following information on my Schedule K-1.
Can you please help and let me know if I need to file Form 8990 (also Turbo Tax 2024 does not support Form 8990)
1. H1 "Domestic Partner" is checked
2. Box 1 "Oridinary business income (loss) = 276
3. Box 5 "Interest Income" = 4
4. Box 10 "Net section 1231 gain (loss) " = (125)
5. Box 11 "Other income (loss) " code S* = (160)
6. Box 13 "Other deductions: code A = 0 and code K = 39
7. Box 16 " Schedule K-3 is attached if checked" = checkbox is Checked
8. Box 17 "Alternative minimum tax (AMT) items" code A* = 4
9. Bix 18 "Tax-exempt income and nondeductible expenses" code C = 9
10. Box 19 "Distributions" code A = 0
11. Box 20 "Other information" code V = 276
Thanks,
