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- K-1 Line 16 Code AA
K-1 Line 16 Code AA
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Love2Cruise
Level 4
05-03-2021
09:53 PM
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I have ProSeries Basic, which means all 1065 K-1 information has to be manually entered. Can I just omit the information on line 16 AA (Foreign Transactions) if it doesn't apply to my client - he has no foreign income. I have researched until my eyes are crossed and can't find anything that directly addresses this issue. I did Lacarte and ProTaxConnect instructions of how to override it, but of course no directions for Basic.
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