- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
* 20AH1 bonus depreciation adjustment for most non-conforming states
* 20AH2 gross receipts for unrelated business taxable income purposes
* 20AH3 gross deductions for unrelated business taxable income purposes
* 99O46 estimated tax basis
* 99O47 cumulative passive losses
On the K-1 I have, the amount on Line 20V is the difference between the 20AH1 and 20AH2, so not sure if this is just informational or if it needs to go somewhere on the return.
Best Answer Click here
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The entity producing the K-1 needs to provide the details as to the nature of the amounts coded that way (and in my experience...they are usually rather *odd* categories)
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
On Enterprise K-1, what do I do with k-1 codes 99O46 and 99O47?
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Enterprise Products Partners 2019 K-1 Codes 99O46 &99047
Talked with rep @ the 800-599-9985 Tax Package Support #.
Was told that the 99### K-1 codes are just informational and NOT for placement on Form 1065.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you sooooo much for this info Mark. Exactly what I as looking for.
Was the "Tax Package Support a part of Enterprise or TurboTax?
Cap1111
~~~~~~~~~~~~~~~~~~~~~
Enterprise Products Partners 2019 K-1 Codes 99O46 &99047
Talked with rep @ the 800-599-9985 Tax Package Support #.
Was told that the 99### K-1 codes are just informational and NOT for placement on Form 1065.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hi there,
You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.
Cheers!