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Level 3
March 5, 2024
Question

Where do you enter depletion

  • March 5, 2024
  • 1 reply
  • 7 views

I guess this is pretty stupid, but I cannot find where to enter the depletion on an oil & gas Proseries Form 1065.  Seems like it should be on the K-1 worksheets somewhere, but I can't find it.

Any help for this dummy is appreciated.....

 

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1 reply

Level 6
March 5, 2024

K-1 Box 20, Code T

Level 3
March 5, 2024

Thank you!