kenzcpa
Level 2

Line 16 on K-1 output appears to be a tax program error. Numbers are being picked up from Screen #5

(past three years gross receipts) and incorrectly being put on line 16 of certain K-1s. In my case it is always partner # 2 as foreign income.

Thre is NO foreign income or foreign partner- This is a program problem which I have reported several times