K-1 Part 3 #20 Y* STMT

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  • AZ-Tax
    Senior Member
    • Feb 2008
    • 2604

    #1

    K-1 Part 3 #20 Y* STMT

    As it appears on the paper K-1: Y* STMT

    The nearest option my drop down menu has is: Y **other information**

    How about your tax software for I use ProSeries
  • Uncle Sam
    Senior Member
    • Jul 2006
    • 1462

    #2
    The software program won't know what the special codes mean - you need to review the other paperwork that comes with the K-1 and read the partner'S K-1 instructions to interpret where it goes - or even if at applies.
    Uncle Sam, CPA, EA. ARA, NTPI Fellow

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    • Burke
      Senior Member
      • Jan 2008
      • 7068

      #3
      I don't think any software does since it can be anything. There should have been a separate page attached to the K-1 explaining that source of income.

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