Form 1065 Box 20

Forum|Forum|2 years ago
February 26, 2024
1 reply
11 views

Has this code: AG* STMT

I went back and looked 2022 Printed the exact same thing with the exact same dollar value.

Why am I getting this?

TIA

TurboTax Business Windows

PatriciaV

Level 15

Please clarify if you are preparing a Form 1065 Partnership return or entering Schedule K-1 in your personal 1040 return.

Box 20 Code AG may have entries for several years. On a 2023 Form 1065, there are lines for 2020, 2021, 2022, and the current year. It's possible this amount has been carried forward since 2020.

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garyarmAuthor

Level 2

Thanks for the reply. It's a 1065. I found where where it's coming from. Found it on Form 8990. A worksheet dealing with interest, wants entries for 3 years. I filled in the following 2 years and checked the box that says none. Now the statement for code AG has 3 years of info, even though I checked none. If TTax needs that info, why didn't it ask? Review says no errors, so I think I'm good. Thanks for your help