Question
Do you have to do anything with a AJ in box 20 of a K1 when the figures are on the front of the K1?
I'll round figures to make this question easier.. I have a client that has a loss of -$5000 (1)in Ordinary and in(14a) -5000 self employed boxes plus box 14 also has C 2000. box 10 has a -18000 My main question is in the other information box states AJ statement.. and with you look at it on the back. it states the aggregate business acitivity was -8000. and the aggregate business gross income was 3000
So looking at it the income matches the front with the loss off 5000
Is there somewhere I need to enter that back information ( which really equals the front boxes?) I do understand that box 10 is 1231 loss of 18,000 which I think has nothing to do with this question...
( none of it is interest income or interest loss)
