How do I enter information from a Grantor Letter?

[blazman]

Thx Dave.  I removed them both.

I have 4 other K-1s that I received in the mail.  Do I need to enter all of those in TT?  A few I was able to try to import ... but when I looked at the numbers, they weren't the same as what appeared on the paper K-1s.  I also received one that had -$673 in box 1 (ordinary business income/loss) and TT wouldn't allow me to enter a negative number in the box?

I am so confused by all of these.  How do you know when and when not you have to do anything with all of these forms you get.  My advisor put me in all of these trusts ... and I am pretty sure I am going to tell him to get rid of every one of them.  It's not worth all of these headaches.

Thank you.

[DaveF1006]

It looks like there was an import error. I would suggest editing each K1 to reflect what is reported on the paper copy of the K1. Ignore the -673 as Turbo Tax will not allow you to enter negative business income because it is passive income thus your passive losses cannot exceed your passive income for the year.

Sorry I missed this earlier and i didn't mean to ignore you. If you wish to ask me any more questions please put at the end of your post @DaveF1006 and i will receive an alert that you messaged me. We are here to help.

@blazman 

[blazman]

Thank you!  I wasn’t aware of adding your name at the bottom of the message as you suggest. I will be sure to do that in the future!