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Level 2
February 12, 2021
Question

CANNOT GET MY INC. LIMITATION FOR DEPLETION TO COMPUTE IN 2020 PSHIP. NEED TO KNOW WHY MY 15% OIL DEPLETION IS BEING SHOWN AS DISALLOWED.

  • February 12, 2021
  • 1 reply
  • 4 views
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1 reply

sjrcpa
Level 15
February 13, 2021

Little income or loss?

Instead of being disallowed is it actually flowing through on the K-1s as a separately stated item?

No need to SHOUT.

The more I know the more I don’t know.