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K-1 trust income not flowing through to 1040SR
Box 14 Code E
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March 16, 2020
7:16 PM
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Retirement tax questions
@barbgrote wrote:
Box 14 Code E
A figure on that line with that particular code propagates to Form 4952 and is used to calculate the investment interest expense deduction. If you do not have investment interest, you may never see this form.
March 16, 2020
7:23 PM
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Retirement tax questions
But I do have a largish amount of income on this K-1 that needs to be taxed as ordinary income.
March 16, 2020
10:19 PM