djm
Level 1
01-18-2021
06:48 PM
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from the K-1:
box 1: (65,000)
box 20Z5: (53,000) non-conforming state bonus adjustment. Instructions read "this adjustment is the entire amount of allocations attributable to the Partnership's joint-ventures included in Box 1 of the K-1."
My question: do I add the two amounts together for the non-conforming state or just use (53,000) as the Ordinary business income/loss for CA, the non-conforming state?
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