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2005 1065 K-1 Line 20 code K
From TaxAlmanac, A Free Online Resource for Tax Professionals
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From TaxAlmanac
The partnership will report any information you need to figure the interest due under section 1260(b). If the partnership had gain from certain constructive ownership transactions, your tax liability must be increased by the interest charge on any deferral of gain recognition under section 1260(b). Report the interest on Form 1040, line 63. Write “1260(b)” and the amount of the interest on the dotted line to the left of line 63. See section 1260(b) for details, including how to figure the interest.
