When entering a Schedule K-1, Box 8a on my form is labeled as "Net long-term capital gain (loss)" while TurboTax has Box9a labeled as "Long-Term Capital Gain or Loss". I don't know enough to confirm which one is correct. Please help!
Thank you in advance for any assistance!
The Schedule K-1 is slightly different depending on whether it comes from a trust, partnership or S corporation, so make sure you indicated the type of K-1 that you have.
Some tax forms have been changed slightly, so you may need to use the Box Descriptions in TurboTax to enter info from your Form K-1, rather than the Box Numbers.
Click this link for more info on Entering Form K-1.
The Schedule K-1 is slightly different depending on whether it comes from a trust, partnership or S corporation, so make sure you indicated the type of K-1 that you have.
Some tax forms have been changed slightly, so you may need to use the Box Descriptions in TurboTax to enter info from your Form K-1, rather than the Box Numbers.
Click this link for more info on Entering Form K-1.
That's it, thank you! I was entering a Schedule K1 for a C-Corp as a Schedule K1 for a Partnership/LLC on this screen.