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Level 2
July 22, 2020
Question

K-1 code e

  • July 22, 2020
  • 1 reply
  • 17 views

K-1 code e line 20 other information. Gives figure for basis of combined heat/power

Limited partner, will it make any difference in taxes?

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1 reply

George4Tacks
Level 15
July 22, 2020

Possibly - when all else fails, read the partner instructions:

Code E. Basis of energy property. If the
partnership provides an attached statement
for code E, use the information on the
statement to complete the applicable energy
credit on line 12 of Form 3468. See Energy
Credit in the Instructions for Form 3468

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