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Why does Form 1065 Schedule K line 16R (foreign transactions) generate an amount when the partnership has no foreign transactions? "Gross Receipts Per Reg 1.59A-7 (E)(2
blandwehr
Level 1
03-04-2021
04:42 PM
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Lacerte Tax
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Cheers
sjrcpa
Level 15
03-04-2021
05:00 PM
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per the IRS specifications.
Asked here several times.
The more I know the more I don’t know.
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Cheers
