The subject of what does aggregate mean encompasses a wide range of important elements. What does it mean "aggregation statement must be entered"? I have several rentals. In 2018 I think I aggregate them. This year the tt self employed did not ask any questions about aggregation, but the problem popped up after review when I got the above message. I do not have any option on aggregating or dez-aggregating my rentals, just to write a statement.
1065 K-1 Box 20 AJ Code - Intuit. Hello, I am currently working on my tax on Turbo Tax Windows version. We paid an accountant to issue us the 1065 K-1 partnership for 2023. In box 20, it is shown code AJ with STMT, which refers us to the Supplemental Information, page 2.
In the descriptive information, there are 2 AJ codes listed... Solved: K-1 Line 20 AJ - Intuit. My form K-1 has 2 entires in the AJ column. Moreover, one says Aggregate Business Activity Gross Income and the other says Aggregate Business Activity Total Deductions.
I want to know if I should enter both of these in the form for AJ in TurboTax or just one of them. The aggregation statement would include the following: - A description of each trade or business or property. - The name and EIN of each entity in which a trade or business or property is operated. - Information identifying any trade or business that was formed, ceased operations, was acquired, or was disposed of during the taxable year.
- Information identifying any aggregated trade or ... Ethernet Port Aggregation: what is it? @VirtualLarry I believe when he says port aggregation, it means that the modem can support service above 1Gbe.
In relation to this, you would need a router on the other end that can support the WAN aggregation. Some places will support up to 2Gbe internet service. @Carbo The dual ports are not meant to support two devices directly connecting. Solved: K1 Box 17 code /AJ - ttlc.intuit.com. Turbotax does not handle k-1 codes 17AJ and does not do form 461 here's from the k-1 instructions Code AJ.
Excess business loss limitation. If the corporation has deductions attributable to a business activity, it will provide a statement showing the aggregate gross income or gain and the aggregate deductions from the business activity that you need to figure any excess business loss ... I think DianeW gave the closest to a method of dealing with it without giving a rationale.
My understanding and approach is as follows: The problem: information in your K-1 for the code AJ is reporting two figures: An aggregate for income and and aggregate for deductions. Schedule K-1, Box 20 AJ shows the following: Aggregate Business ....
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