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posted Mar 24, 2020 11:31:22 AM

Help with LLC tax returns not shwing all information entered in TurboTax

I have a 6 member LLC, have entered all information including partners' beginning balances and additions  made by 3 members.  None of those figures show up on the K-1's.  Wht?  

 

Also, on page 1 of Form 1065 and page 1 of Form 65 there's no income or deductions.  I have a loss but it seems those numbers should still be on page 1 of both forms.  Why do those numbers not show up?  

 

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1 Best answer
Level 15
Mar 24, 2020 12:40:24 PM

The entries on your K-1s in section L will not populate unless you go through the balance sheet analysis in the program. 

1 Replies
Level 15
Mar 24, 2020 12:40:24 PM

The entries on your K-1s in section L will not populate unless you go through the balance sheet analysis in the program.