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- Line K3 on partnership K-1
Line K3 on partnership K-1
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Fsaglio
Level 2
01-18-2024
08:48 PM
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There is a new line on the 2023 Partnership K-1s in the liabilities section - "Check if any of the above liability is subject to guarantees or other payment obligations by the partner. See instructions".
The instructions lead me to believe that I should put code "x" in box 20 and then attach a statement with some detail - how do I do this in Lacerte? I have figured out how the check the box for line K3, but can't figure out how to get code X in box 20, nor how to attach the statement.
Thanks!
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