sjrcpa
Level 15
07-22-2024
01:34 PM
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"Code 27 is "Publicly traded partnership distributions subject to IRC section 1446(a)". Should my client have received a K-1?"
Based on that description, yes there should be a K-1. (Unless the 1042-S info is a valid substitute. I haven't had this situation.)
The more I know the more I don’t know.