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Level 1
September 15, 2021
Question

K-1

  • September 15, 2021
  • 1 reply
  • 6 views

My client's 1065 return is generating foreign income for one of the two partners' K-1. the partnership has no foreign income. K-1 Box 16 is showing one of the partners share of revenue for the current and past 3 years. Codes AA, AB,AC,AD. What information input screen and entry do I make to  correct this

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1 reply

sjrcpa
Level 15
September 15, 2021

Isn't it really showing Gross Receipts from all sources and not foreign income?

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