AAE
Level 1
07-22-2024
08:58 AM
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Ahh okay. That makes sense. I see that income codes 01, 06, and 29 are interest and dividends so I will report those on schedule b. I am not sure where to report codes 27, 37 or 57. Code 27 is "Publicly traded partnership distributions subject to IRC section 1446(a)". Should my client have received a K-1? Code 37 is return of capital, which I thought was not taxed. And code 57 is "Amount realized under IRC 1446(f).