This calculates the partner's share of gross receipts based on gross receipts information entered on the main form. This is a new reporting requirement for 2020 that may be required for partners to correctly report business interest expense. More information is provided in the IRS government instructions.
This calculates the partner's share of gross receipts based on gross receipts information entered on the main form. This is a new reporting requirement for 2020 that may be required for partners to correctly report business interest expense. More information is provided in the IRS government instructions.
Schedule K-1 Box 20, Code AG comes from Form 1065, page 4, Schedule K, line 20 E Gross receipts for Section 448(c)
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