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Level 2
February 1, 2022
Question

1065 Partnership K-1 Box 20E?

  • February 1, 2022
  • 2 replies
  • 12 views

I am working on a rental real estate partnership.  In section 20 of each partner's K-1, line 20E generates and prints "STMT" with the asterisk for "see attached statement for additional information."  Per the K-1 instructions box 20E has to do with energy property and form 3468, which do not apply to this tax return.  Could this be a programming glitch?  Cross-reference and "about line 20E" do not yield any help.  Is anyone else seeing this or have any ideas?

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2 replies

taxiowa
Level 8
February 1, 2022

I have been using white-out.  It happens when there is business interest expense in returns.  There is nothing on statement so I don't think it will hurt e-file.

Connecto1Author
Level 2
February 1, 2022

Seems reasonable, my return has business interest as well.  I brought up the issue with phone support so maybe it will get patched.

taxiowa
Level 8
February 1, 2022

Sucks to clean the white-out off the monitor though 😃

February 10, 2022

This is resolved. Program-wide release went out for this today! Thanks.