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2017 965 liability in 2018 return
Does 2017 965 installment liability reflect in 1040? I filled 965-A showing what is paid for year two but it is not reflecting in 1040 Schedule 4 line 63? Is it because it is part of 2017 ?
itonewbieAnswer
Level 15
December 16, 2019
§965 installments for TY2017 must be reported on 2018 F.965-A for 2018 for information purposes but should not be included on Line 63 of Sch 4. Only the number from Part II, Line 2, column (k), which is for TY2018, if any, should flow through to Sch 4. Even then, that installment payment should be made separately from the regular balance due. PTO has all of that accounted for correctly on both the return and filing instructions.
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