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Level 2
February 20, 2021
Solved

Schedule K-1 Line 16AA

  • February 20, 2021
  • 1 reply
  • 8 views

When I enter dispositions for a partnership, I am curious why Schedule K-1 Line 16AA gets populated. This has never happened before to me. Did something get changed I am not aware of? Normally I would simply allocate the capital gains among the partners. All partners are individuals or domestic LLCs. 

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itonewbie
itonewbieAnswer
Level 15
February 20, 2021
---------------------------------------------------------------------------------Still an AllStar