NGL B - k1. I've no dog in the hunt, but just looking I get:
Where does Box 4b amount go? Schedule E, Part II, Line 28
Where does Schedule E, Part II, Line 28 go? Seems to drop to: line 41 Total income or (loss)... Enter the result here and on Schedule 1 (Form 1040), line 5 . What is that? "Additional Income" "Rental real estate, royalties, partnerships, S corporations, trusts, etc."
And where does that go? Drops to line 10 "additional income". And where then is the next stopping place? "Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8". And that amount eventually drops down to be part of line 15 "Taxable Income". |
