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Level 1
July 22, 2021
Question

k-1 to 1040: line 16B & 16C Items affecting shareholders basis

  • July 22, 2021
  • 1 reply
  • 3 views

I'm preparing a 1040.  I received two k-1 .  One k-1 has two entries on line 16 as b & c.  There are two entries on line 17 as (AC) & (v) stmt.

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1 reply

George4Tacks
Level 15
July 22, 2021

What specie of K-1? Did you look at the instructions that may have come with those K-1? What is your Question? 

Answers are easy. Questions are hard!