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    Where do I enter K1 16AA and 16AB?

    jaygar
    Level 3

    Proconnect says to enter them in "Other Schedule K1items, Foreign Transactions section", but where in this section do I enter these? Again, it is Box 16AA and 16AB.

    Thanks!

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    1 Comment 1
    George4Tacks
    Level 15

    Hold your mouse over the entry box for 16 and you should get 

    Capture.JPG

    Have a copy of the partner's instructions for the K-1 with you to aid in entry. I believe you will find out in time that unless there is tax paid or tax withheld, you do not need to make any entries for this line. 


    Answers are easy. Questions are hard!