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K1x Ideas
Status Community Review
Categories K1 Aggregator
Created by Guest
Created on Mar 14, 2023

Similar to K-1 Box 20T, Create a K-1 Box 20P Checkbox to Include in Taxable Income / UBI

In certain circumstances, the amounts in Box 20P can be considered taxable income and/or unrelated business income. This can be seen in certain K-1 footnotes. A checkbox for Box 20P to include the amounts in either taxable income or UBI would be treated similar to Box 20T Depletion.

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  • Guest
    May 23, 2023

    K1X is currently working to improve the usability and design of our K-1 products. Once that work is complete, we will be reviewing ideas such as this one to implement in that new experience.