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Level 1
March 4, 2021
Question

Why does Form 1065 Schedule K line 16R (foreign transactions) generate an amount when the partnership has no foreign transactions? "Gross Receipts Per Reg 1.59A-7 (E)(2

  • March 4, 2021
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1 reply

sjrcpa
Level 15
March 4, 2021

per the IRS specifications.

Asked here several times.

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