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What dollar amount do I enter from my K-1, section III, box 20, Code V? No other box in III is marked. No dollar amount is given on my K-1.
My K-1 box 20 says to see an attached statement for additional info. The attachment does not have a dollar figure, only percentages that constitutes unrelated business taxable income. I am not a tax-exempt partner, thus is seems code V does not even apply to me. Is it ok to just enter zero in turbotax in the box 20 section?
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posted
June 4, 2019
5:32 PM
last updated
June 04, 2019
5:32 PM
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What dollar amount do I enter from my K-1, section III, box 20, Code V? No other box in III is marked. No dollar amount is given on my K-1.
No, do not enter a zero, just leave those fields blank if they don't apply to you. Delete the code for the box also.
June 4, 2019
5:32 PM
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