1065-US: Determining the Total amount in Interim Closing Annualization (FAQ)

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Question

How is the Total amount determined in the Interim Closing Annualization dialog?

Answer

The Total amount represents the amount of each item that can be distributed to partners on Schedule K-1 or other partner forms. These amounts are derived from data in the return's input screens.

Related topic: Interim closing annualization FAQs (1065)

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