K-1 Box 20ZZ has several items that I entered. I did sell some units of this publicly-traded company. What else do I do with them in addition to adding them to box 20?
Bonus Depreciation Adjustment for most Non-conforming states 81 (I guess only relevant to state returns...)
Gross Receipts for Unrelated Business Taxable Income Purposes 3380
Gross Deductions for Unrelated Business Taxable Income Purposes 3561
Gross Income 3380
Partners Basis Items & Remedial Items for Section 163(j) -414
Partners Interest Disposition Gain/Loss for Section 163(j) -378
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If you don't recognize the forms or IRC codes mentioned in the Supplemental Information from Schedule K-1 Box 20 Code ZZ, the entries probably don't apply to your return.
Bonus depreciation may be used on your state return, if your state doesn't conform to IRS depreciation rules.
UBTI (3380 and 3561) generally applies only to charitable organizations.
Partners Basis / Disposition (Section 163(j)) affects your basis calculation only.
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