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dgp
New Member

K-1 box 16G completion help

Box 16A is completed, box 16G is completed, check shows no foreign source of income at individual level.
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2 Replies

K-1 box 16G completion help

THere is a problem with the program for K-1 Box 16 G.  You will go around and around with it in an endless loop.  It's a problem that can't be overcome.  You can ignore it when it comes to the "fixing errors" and just print your tax forms.  You won't be able to efile.  This just happened to me and there is a report about this exact situation that a rep had to write up after we were on the phone for an hour the other day. The only other advice I can give you is to try another tax program or a professional.

pfsecosky
New Member

K-1 box 16G completion help

I found an answer to this problem. When Turbo tax goes to the correction screen, line 16 g is displayed. Look at the line above it in the correction box, it asks for foreign sourced income at individual level.  You have this entry in 16 e. Enter this value in this line under foreign , then click continue. The problem is fixed. Seems like Turbo tax is not carrying forward entry 16e, foreign source income at partner level to the proper place. This fixed 4 of my K1 entries.

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