johnshops
Level 2
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Using Code AH rather than Code Z on Box 20 of the Schedule K-1 has significant and negative tax consequences. TurboTax will not apply the deduction you should g...
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Thank you very much.I did not know of this option and it is a perfect answer to my question.
Activity Feed for johnshops
- Cheered Re: Mutual Fund and UIT Supplemental Tax Detail for JohnB5677. February 26, 2023 11:06 AM
- Posted Where is maryland form 510 for PC version of Turbotax on State tax filing. May 6, 2020 9:09 PM
- Cheered Re: K-1 from 1065 line 20 showing Z* STMT for DavidS127. April 29, 2020 7:57 PM
- Posted Reporting a bug - Schedule K-1 Code Z Smart button does not work and can not enter Code Z deductions for Schedule K-1 on Investing. April 29, 2020 7:12 PM
- Posted Reporting a bug - can NOT enter Line Code Z for the Schedule K-1 on Get your taxes done using TurboTax. April 29, 2020 10:20 AM
- Posted reporting a bug - Code AH rather than Code Z on Box 20 of the Schedule K-1 has negative tax consequences. Do NOT use this method on Investing. April 29, 2020 10:10 AM
- Posted Thank you very much. I did not know of this option and i... on Retirement tax questions. June 3, 2019 12:36 PM
- Posted Limit on bank withdraws? My tax owed high this year. Turbo tax would usually have IRS take $$ from my account. Option is not being offered in TurboTax for me. Why? on Retirement tax questions. June 3, 2019 12:36 PM