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Level 1
September 25, 2023
Question

1065 K-1 line 13, code R - how do you enter in Proconnect?

  • September 25, 2023
  • 1 reply
  • 3 views
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1 reply

George4Tacks
Level 15
September 26, 2023

Code R. Pensions and IRAs. Payments made on your behalf to
an IRA, a qualified plan, a simplified employee pension (SEP), or a
SIMPLE IRA plan. See the Schedule 1 (Form 1040) instructions for
line 20 to figure your IRA deduction. Enter payments made to a
qualified plan, SEP, or SIMPLE IRA plan on Schedule 1 (Form
1040), line 16. If the payments to a qualified plan were to a defined
benefit plan, the partnership should give you a statement showing
the amount of the benefit accrued for the current tax year

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