K-1 Line 20

[pg47]

What do I do with Code AG on Line 20 of K-1 for Partnership referring to Gross Receipts for section

448(c)?

[JRC · Accepted solution]

https://www.irs.gov/instructions/i1065sk1#idm140228275668976

Attached are the instructions for Partners who receive a K1.

For most you would not need to worry about if their receipts are less than $26 Million.

[pg47]

Thank you for the only reply. Much appreciated.