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Business & farm
I am completing the 1065 return for my LLC (partnership) and I have the same situation. I was confused because when I completed the information on form 3468, the resulting K-1s have no entry for line 20 code E. The IRS States that this should be where the basis of the energy property is reported. Also, on form 3468, line 14, the sum is not calculated. The only thing I can figure is that there is a bug in the program.
‎February 23, 2022
8:37 AM