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Schedule K-1, Box 20
I received a filled out K-1 from the partner that runs our family farm. My share is 7%. There are 3 boxes checked in 20, as follows:
AJ Aggregate Business Activity Gross Income. 7,488
AJ. Aggregate Business Activity Total Deductions 5, 839
AN Gross Farming Income. 7,488
The form doesn't allow me to change the AJ default, which doesn't make sense. Others have said to leave this blank. I don't know what to do.
‎April 12, 2025
7:33 PM