Level 11
04-23-2021
07:24 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Normally the partnership would report gross royalty income in Box 7 and royalty deductions in Box 13, Code I. Do you control the partnership return? If so, you could correct the presentation there. If not, move the negative amount to Box 13 Code I, and consider filing Form 8082.