Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Aug 23, 2025 12:36:47 PM

Form 1065, Box 20, Code AJ

I received a K-1 for my LLC.

The K-1 I received, has a STMT for Box 20, Code AJ.

The statement has two values, "Aggregate Business activity gross income or gain" and "aggregate business activity deduction".

I have to enter something in my 1065 form for Box 20 - I can select code AJ, but what value do I enter? 

Thanks,

Lisa

0 513
0 Replies