Form 1065 Schedule K 1 Codes - Code y is used to report information related to the net investment income tax. Keep it for your records. Partner’s share of income, deductions,. Former code y (other information) is now code z. For calendar year 2023, or tax year. Don’t file it with your tax return unless you're specifically required to do.
For calendar year 2023, or tax year. Former code y (other information) is now code z. Keep it for your records. Code y is used to report information related to the net investment income tax. Don’t file it with your tax return unless you're specifically required to do. Partner’s share of income, deductions,.