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- Schedule K-1, Line 20, Code AJ
Schedule K-1, Line 20, Code AJ
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ToddBG_CPA
Level 1
Monday
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I have a client with a Form 1065 Schedule K-1, Line 20, Code AJ shows:
Aggregate Business Activity Gross Income: $180
Aggregate Business Activity Total Deductions: $554.
Where do I input this in ProConnect? The Note in the input section for K-1's says to, "See section 461(I) and Form 461 instructions for details." But I do not see any input section for form 461.
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2 Comments 2
Kathi_at_Intuit
Moderator
12 hours ago
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Hi @ToddBG_CPA
Welcome to the community and thanks for posting your first question! Have you had a chance to reach out to ProConnect Tax Support yet? They may be able to assist with this.
We look forward to your future contributions here in the community!
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TaxGuyBill
Level 15
8 hours ago
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@ToddBG_CPA wrote:
The Note in the input section for K-1's says to, "See section 461(I) and Form 461 instructions for details." But I do not see any input section for form 461.
Have you look at Section 461(l) and/or the Instructions to Form 461 to determine if it applies to your client?
