Level 1

K-1 Partnership Box 20 Code AH

Forum|Forum|7 years ago
March 28, 2019
1 reply
9 views

On Publicly traded partnerships. Box 20 AH other information does not match up with ProSeries line numbers. Since there is no longer Domestic Production Activity can we eliminate the entries?

ProSeries Professional

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IntuitJim

Level 5

Yes the Domestic Production Activity is no longer a deduction. Box 20 AH of the K-1 is 'other information' that often has a description on supplemental pages. If you are confident the 'other information' is not relevant to your taxpayer's return, then you can omit/ delete, otherwise, you will need to put the AH amount in the right place.

T

taxman13

Level 2

Client received a 2018 K-1 with supplemental page showing Box 20, code AH and under the description it says 401(k) Contribution $21,273.

Lacerte tax program is picking this item up on line 10 form 1040 and subtracting it from the total taxable income as it is stating it is a DPAD 199A (G). Now I would say it is an allowed deduction like a SEP contribution for an individual who puts monies away if they are a schedule C businees but not sure if this is picking it up correctly or maybe I just reflected it on the wrong line and it is a deduction but it needs to be entered under adjustments line 28 Schedule 1 which will flow properly to form 1040.

Any thoughts?

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