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Business & farm
My 1st K-1 entries:
16 code B 404;
16 code D 6;
16 code F 257;
16 code I 87
My 2nd K-1 entry: 16 code F 257
The review comment is: "Box 16 Descrip-1 has been entered for more than 1 type of income. Use separate K-1 wkshts to report more than 1 type of foreign gross income sourced at the entity level."
On the 1st K-1, the review screen is highlighting in red the description "Gross income from all sources" on the Code B line.
16 code B 404;
16 code D 6;
16 code F 257;
16 code I 87
My 2nd K-1 entry: 16 code F 257
The review comment is: "Box 16 Descrip-1 has been entered for more than 1 type of income. Use separate K-1 wkshts to report more than 1 type of foreign gross income sourced at the entity level."
On the 1st K-1, the review screen is highlighting in red the description "Gross income from all sources" on the Code B line.
‎June 6, 2019
1:11 AM