Enter information for the Schedule K-1, following these steps:
[Edited | 3/19/2020 | 12:26 pm PDT]
I am able to enter ALL information from Box 13 Code T of my schedule K-1 into TurboTax except for Charitable Contributions and Interest Expense. TurboTax does not provide fields for these two entries.
You can't use Code T for Charitable....you have to use codes A, B, C, OR D.
What type of "interest expense"?
My Schedule K-1 Box 13 has nine line items grouped under Code-T, two of which are Interest Expense and Charitable Contributions. The K-1 is for Calumet Specialty Partners, LP (CLMT). They are in the oil and gas refining business and have lots of debt so I'm guessing that the Interest Expense is for loans. Maybe the Interest Expense should be under Code-H and not Code-T??
I truly appreciate your help. My Schedule K-1 appears to be the problem, not TurboTax. I'll have my broker look into the matter and re-issue the K-1 if necessary.
Enter information for the Schedule K-1, following these steps:
[Edited | 3/19/2020 | 12:26 pm PDT]