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.

Does that matter that "last year amount" and this year entry box labels show 2019 and 2020 instead of "2020 and 2021" on the K-1 entry form for Box 1 of Schedule K-1.

It seems that the labels are just wrong on the form.
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 Best answer

Accepted Solutions
RobertB4444
Expert Alumni

Does that matter that "last year amount" and this year entry box labels show 2019 and 2020 instead of "2020 and 2021" on the K-1 entry form for Box 1 of Schedule K-1.

The labels are incorrect on the form.  This is an issue that has been reported and is being worked on.  In the meantime it does not seem to have an effect on the tax return so you should be fine to continue entry and file.

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

View solution in original post

2 Replies
RobertB4444
Expert Alumni

Does that matter that "last year amount" and this year entry box labels show 2019 and 2020 instead of "2020 and 2021" on the K-1 entry form for Box 1 of Schedule K-1.

The labels are incorrect on the form.  This is an issue that has been reported and is being worked on.  In the meantime it does not seem to have an effect on the tax return so you should be fine to continue entry and file.

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

Does that matter that "last year amount" and this year entry box labels show 2019 and 2020 instead of "2020 and 2021" on the K-1 entry form for Box 1 of Schedule K-1.

Ii just submitted and filed. Thank you for the note.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question