Accountant-Man
Level 13
12-07-2019
08:01 AM
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Line 14a is not related to line 1 of the 1041 k-1--they are two different animals. <<They are two distinct items.>>
The way you stated the k-1, to agree with poolcleaner, there appears to be $1,456 of total interest, of which $736 is line 1 ordinary and line 14a is TE.
This statement: << but then there is line 14a on the K-1 that exempts $720 of the $736; >> is not correct.
The way you stated the k-1, to agree with poolcleaner, there appears to be $1,456 of total interest, of which $736 is line 1 ordinary and line 14a is TE.
This statement: << but then there is line 14a on the K-1 that exempts $720 of the $736; >> is not correct.
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