Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
johing
New Member

Do I enter a number as a negative if it is in brackets on Schedule K-1 Form 1041?

 
1 Reply
MichaelL1
Level 15

Do I enter a number as a negative if it is in brackets on Schedule K-1 Form 1041?

Yes, if it something like (98) I would assume that is negative.

If other numbers are shown without brackets, then this would be a negative.

However might want to call the Executor that sent the K-1 to you to be sure.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~