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    #1

    K1 Help!

    Form 1065 K-1 Line 13 Code V. This is "Other Deductions" section, Code V is just "other deductions". The instructions say to use this code and describe separately.

    The description says "Specially Allocated Depreciation", gives a dollar amount, and no other explanation. Is this something I should know what to do?

    Has anyone run into this before?
    JG
    Tags: None
    #2
    your software

    should have a k1 entry screen and if entered correctly should make everything flow just
    right to the proper place.
    If not, you need for client to find out just what the description really means.
    ChEAr$,
    Harlan Lunsford, EA n LA

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      #3
      K-1

      Just finished a return with this. Your software should have a k-1 input screen with I believe 3 pages. Just follow the prompts to enter. If unsure call your software's help number for assistance. These can be a pistol but are interesting to do.

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