Question
K1 BOX 20 CODE AH - PERSONAL 1040 ENTRY
HI ALL IM OVERTHINKING AN ISSUE AND CAN USE YOUR ADVICE.
BOX 20 CODE AH OF TAXPAYERS K1 STATES
SAFE HARBOUR & PROFIT SHARING MATCH INCLUDED IN CURRENT YEAR DRAW.
WHEN I ENTER THE FIGURES IN BOX 20 IT DOES NOT GIVE HIM THE CREDIT FOR THE CONTRIBUTION. IS THIS BECAUSE IT WAS REDUCED FROM BOX 1 ALREADY?
LAST YEAR THE K1 ISSUED FROM THE PARTNERSHIP WAS DIFFERENT AND HAD THE INFO IN BOX 13 CODE R FOR PENSIONS AND HE RECEIVED THE CONTRIBUTION CREDIT.
PLEASE LET ME KNOW IF YOU NEED ANY ADDITIONAL INFO
THANK YOU SO MUCH!
CUT & PASTE FROM K1
SCHEDULE K-1 OTHER INFORMATION, BOX 20, CODE AH
401K & ROTH DEFERRAL INCLUDED
IN CURRENT YEAR DRAW $27000
SAFE HARBOR & PROFIT SHARING
MATCH INCLUDED IN CURRENT YEAR
DRAW 40,500.
