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AtlasDaniel
Level 2
Feb 20, 2021 5:22 PM UTC
Solved

Schedule K-1 Line 16AA

When I enter dispositions for a partnership, I am curious why Schedule K-1 Line 16AA gets populated. This has never happened before to me. Did something get changed I am not aware of? Normally I would simply allocate the capital gains among the partners. All partners are individuals or domestic LLCs. 

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itonewbie
itonewbieAnswer
Level 15
Feb 20, 2021 5:54 PM UTC

This post may help: https://proconnect.intuit.com/community/proconnect-tax-discussions/discussion/re-1065-only-domestic-res-rental-real-estate-activity-somehow/01/115581/highlight/true#M11180

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itonewbie
itonewbieAnswer
Level 15
Feb 20, 2021 5:54 PM UTC

This post may help: https://proconnect.intuit.com/community/proconnect-tax-discussions/discussion/re-1065-only-domestic-res-rental-real-estate-activity-somehow/01/115581/highlight/true#M11180

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