BillM223
Expert Alumni

Retirement tax questions

Does your 1065 K-1 have a code O?

 

The 1065 instructions say "

Code O. Dependent care benefits.

 

The partnership will report the dependent care benefits you received. You must use Form 2441, Part III, to figure the amount, if any, of the benefits you may exclude from your income.

" See https://www.irs.gov/instructions/i1065sk1

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