Question
K-1 Box 20 Code O and P
A partnership K-1 reports section 453(L)(3) information in Box 20 Code O :
Installment sale - 2020 deferred ordinary time share income
Installment sale ordinary timeshre income recognized on 2017, 2018, and 2019 derferred income
Total outstanding installment obligation.
Also, in Box 20 Code P:
Your share of the face amount of installment obigatios at the close of the taxable year
Your share of the deferred ordinary time share income.
Where do I enter this information in Proseries?
