qwertyui
Level 3
12-16-2019
12:57 PM
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Does 2017 965 installment liability reflect in 1040? I filled 965-A showing what is paid for year two but it is not reflecting in 1040 Schedule 4 line 63? Is it because it is part of 2017 ?
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itonewbie
Level 15
12-16-2019
12:57 PM
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§965 installments for TY2017 must be reported on 2018 F.965-A for 2018 for information purposes but should not be included on Line 63 of Sch 4. Only the number from Part II, Line 2, column (k), which is for TY2018, if any, should flow through to Sch 4. Even then, that installment payment should be made separately from the regular balance due. PTO has all of that accounted for correctly on both the return and filing instructions.
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qwertyui
Level 3
12-16-2019
12:57 PM
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Thank you so much @itonewbie ❤️
itonewbie
Level 15
12-16-2019
12:57 PM
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NP, @qwertyui! Have a great week ahead!
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Still an AllStar
Still an AllStar