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Level 2
May 16, 2021
Question

SCHEDULE K-1 FORM 1065 BOX 16 HAS FOREIGN TRANSATION CODES AA AB AC AND AD

  • May 16, 2021
  • 1 reply
  • 6 views

I SEE SEVERAL CODES SUCH AS AA, AB AC AND AD IN BOX 16 OF FORM K-1 OF FORM 1065 FOR A C CORPORATION PARTNER

 

We have no foreign transactions.  what should I do?

 

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1 reply

abctax55
Level 15
May 16, 2021

A C CORPORATION PARTNER.......

A what????   That critter doesn't exist.

Are you trying to prepare:

A C Corp return?

A Partnership return?

An Individual return?

 

HumanKind... Be Both