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April 11, 2021
Question

2020 K-1 Box 20 has no letter X in explanation. Has this item been removed?

  • April 11, 2021
  • 1 reply
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I am unable to find a reference in 2020 instructions for K-1 Box 20 pertaining to this line item. It is showing up in TurboTax but not on IRS publication. Thanks

1 reply

April 11, 2021

Please clarify - did you receive a partnership or S-Corp Schedule K-1 with Box 20, Code X amount?