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1065 K-1 Box 20 AJ Code
Hello,
I am currently working on my tax on Turbo Tax Windows version. We paid an accountant to issue us the 1065 K-1 partnership for 2023. In box 20, it is shown code AJ with STMT, which refers us to the Supplemental Information, page 2. In the descriptive information, there are 2 AJ codes listed with 2 different amounts:
AJ Aggregate Business Activity Gross Income $10,000.
AJ Aggregate Business Activity Total Deductions $ 800.
When input this data into turbo tax for box 20, do we list these 2 AJ codes separately per line into the system? exactly as listed?
Thank you for your input!
ā€ˇFebruary 23, 2024
8:06 AM