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Business & farm
I have recd a K-1 from an oil property. Box 20 has a Code Z. It says go to STMT. In the STMT, it has two lines - one for ORDINARY INCOME Loss is shown) and another line for Unadjusted Basis of Assets (a positive number). What needs to be entered? Turbo Tax syas that I should have recd a Statement A with this. But I dont see any Statement A. Please help. Thanks.
‎April 7, 2021
7:54 PM