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I've been having the same problem. My efile keeps getting rejected due to issues with form 1116, so I've decided to delete it altogether (and file an amended re...
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A partnership K-1 reports section 453(L)(3) information in Box 20 Code O :Installment sale - 2020 deferred ordinary time share incomeInstallment sale ordinary t...
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Yes, they are subject to the NIITthe notes say so. However I was asking about the net interest expense limitation on form 4952 not the NIIT. Are the FOREX losse...
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It's a investment fund LP. Yes, the rest of the income is interest and capital gains. The 11A amount is related to foreign currency exchange losses.
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A K-1 from an investor partnership reports foregn exchange losses (sect. 988) in Box 11A. They are being reported as "other income (loss)" on the taxpayer's 104...
