Enter k1 information line 20 is a statement

finny · ‎June 6, 2019

My K-1 form shows line 20AH with an * and STMT. I am not sure how to enter it as it references two numbers. There is a second page defining the Federal Statements showing the following;

Schedule K-1 Line 20AH - Additional Statement Information

Description

Additional Alternative Minimum Tax Information:

AMT Total Depreciation 1480

ACR Post-1992 Property Depreciation 1480

Do I enter 1480 or add them together and enter 2960 or leave it blank?

IreneS · ‎June 6, 2019

UPDATED FOR TAX YEAR 2019

Enter the amounts separately--you can have more than one line with code AH.

When you come to the screen Enter Box 20 info, on the first line, select Code AH-Other information from the drop-down list and enter $1480.
On the next line select code AH again and enter $1,480.
On the next screen, enter the Description and Amount and click Continue.

Since these amounts pertain to deprecation, it's unlikely they'll affect your return.

[Edited | 4/3/2020 | 11:55am PDT]

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finny · ‎June 6, 2019

Thanks, I didn't realize I could enter multiple lines. Also thanks for the super fast response.

Enter k1 information line 20 is a statement

Business & farm

Business & farm