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Self employed
Schedule K-1 Box 20 Code AN reports Farming and Fishing Business income(loss). Section 1301 of the tax code allows for averaging of farming income that is inconsistent over several years.
If you are not familiar with this aspect of your K-1 investment, you may wish to contact 1) the company that sent you Schedule K-1 and/or 2) a tax local tax professional with experience in reporting farming income.
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‎April 14, 2024
4:19 PM