Question: If you see a code Z in Box 2 0 of a Schedule K - 1 for a partnership, what does it mean?
If you see a code Z in Box of a Schedule K for a partnership, what does it mean?
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It's the amount of depletion allocable to a dry hole expense
It's the AMT adjustment before
It's the amount of Qualified Business Income attributable to the partnership's business activity
It's nothing, ignore it
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