turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

PS18
New Member

Trouble with Schedule K1 with more than one income (boxes 1,2)

I entered Schedule K1 info received from publicly traded company Blackstone which has both box 1 and box 2 with data.  Turbo tax advice says to enter a second entry with only box 2 info.  I am still getting checking  errors about duplicate box 16 entries (K and I or J) and box 16 (E and D or F).  

 

Any ideas what I did wrong or how to fix?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
PaulaM
Expert Alumni

Trouble with Schedule K1 with more than one income (boxes 1,2)

When you enter the second K-1 for the box 2 income, do not enter the box 16 amounts if they don't correspond to the Box 2 income. Same for the Box 1 K-1. Enter the relevant box 16 codes/amount for that income item only. 

 

If you need to start over, delete the K-1's. 

 

If using online version, select Tax Tools, Tools, Delete a Form. If using a desktop version, select Forms mode in upper right corner, then scroll forms list for the K-1. Select, and when it loads on the right side, choose delete form.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies