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Level 2
April 5, 2021
Question

Where do you enter the K-1 line 20 code N amounts in the Lacerte Partnership program to get the code and amounts to flow to the K-1?

  • April 5, 2021
  • 1 reply
  • 10 views
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1 reply

Level 6
April 5, 2021

You do not enter line 20 code N. It is strictly informational.

JWswAuthor
Level 2
April 7, 2021

Yes it is informational and required by IRS instructions to be shown on return.  I have business interest expense reported on Form 8825 that is not carrying to the K-1 Box 20 Code N.  What do I need to do to in Lacerte  get this to flow to Box 20 Code N?