- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
All Box 20, Code T entries apply to depletion of oil & gas properties.
You are correct that they are unlikely to have any effect on your taxes (at the partner-level), but they must be reportedl at the partnership level.
Also, you can have as many Box 20, Code T entries as you want - just keep adding them and the interview screen will expand to allow the entries. You can't add descriptive info, as shown on your K-1, but you can list all of them.
See the attach screenshots as an example (albeit without numbers):
‎April 11, 2021
3:20 PM