where to enter code ag

[jnfsg]

i'm entering an individuals partnership k-1 information. Box 20 with code AG for gross receipts section 448c. It says it's not provided for in the program and to manually enter on appropriate tax form. Where am I supposed to enter this information?

[sjrcpa]

Wherever you may need Gross Receipts

[jnfsg]

The K1 already has ordinary income. Where does this gross receipts come from?

[abctax55]

GROSS receipts are not the same as the income/loss shown on the K-1.

Some states require this info.

[Terry53029]

It may or may not apply to your client. Here are a couple of links for you to see if it applies to your client.

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.irs.gov/pub/irs-pdf/i1065sk1.pdf.

https://www.irs.gov/newsroom/faqs-regarding-the-aggregation-rules-under-section-448c2-that-apply-to-...