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ProConnect Online help instructions for Form K-1 Line 16 letter codes are outdated and inaccurate given changes to K-1 form.

hsbyun
Level 2

IRS has changed some aspects of form K-1.  In 2017, code 16M was "Total foreign taxes accrued", in 2018 code 16M is now "Deductions allocated and apportioned at partnership level to foreign source income --Passive category".  The instructions in online help (link below) are two years old and need to be updated.

https://accountants-community.intuit.com/articles/1860048-partnership-k-1-input-box-16


Similarly, K-1 box 20AH for DPAD is no longer used by IRS yet ProConnect Online itself has not reflected this change.

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2 Comments 2
George4Tacks
Level 15
@Intuit BettyJo could pass this on to PTO developers to consider.

Answers are easy. Questions are hard!
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IntuitAustin
Intuit Alumni
Thanks @George4Tacks

I will get this reported to our development team @hsbyun

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