K-1 has dividend income of 12,000 and other on line 5 14,000. Line 14 H is -11000. How do I treat this?
Thanks
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The K-1 Code sheet tells you exactly where it goes.
I do see that it is an adjustment for section 1411 net investment income. In this case the taxpayer does not go above the NIIT threshold of $125,000 so it seems this amount doesn't affect this return this year. Let me know if I'm thinking correctly.
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