Are TurboTax codes for line 14 of Schedule K-1 accurate for 2018?

[bob22]

The codes provided via the IRS Publication (below) do not match those in the TurboTax Pull-Down list.

A Net earnings (loss) from self-employment Schedule SE, Section A or B 

B Gross farming or fishing income See the Partner’s Instructions 

C Gross non-farm income See the Partner’s Instructions

[JulieCo · Accepted solution]

The box 14 codes for a 1065 K-1 form should be listed in TurboTax as you have noted above. 

There are three different types of K-1 forms, therefore you have to be sure that you are in the correct entry section for the type of K-1 you have.  The Box 14 codes that you mention above are for a K-1 (1065) form related to a partnership or multi-member LLC. 

Double check that you are in the entry for the correct form of K-1, as the Box 14 codes that you mention above are on the pull down menu for a K-1 of a 1065 entity.  See sample screenshots attached.