Schedule K-1 for Form 1041 using Turbo Tax Business 2020

Forum|Forum|5 years ago
March 21, 2021
11 replies
66 views

Printing out Schedule K-1 from Form 1041 and line 14 shows I*STMT, but no statement attached or included in file. How do you get that printed/included?

TurboTax Business Windows

M-MTax

Level 15

All those forms can be printed out one at a time. Open it and then print.

ktmichaelsAuthor

Level 2

Sorry, I was not clear in my original post. The statement/schedule referred to on line 14 of the K-1 is not being prepared in TurboTax, it is not there. I am wondering why the statement is not there, when TurboTax is putting the reference on line 14 of the K-1. There is no statement to print out.

DaveF1006

Level 15

It depends. Is this a entry that has a code but says statement in the amount? If so, you need to refer to YOUR supplementary statement that came with your K-1. if code I, you will select in the drop-down I-section 199A information. leave the amount blank and press continue.

You will then record information in the followup screens that is recorded in the supplementary statement that came with your K-1. It is listed in your statement instructions regarding Box 14.

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