K-1 Box L Capital Contribution and Transfer

[Emily-2Q2Q]

Hi there,

I have a K-1 with no numbers in Part 3 (boxes 1-20).

All that is being reported is a change in the capital account, in Box L.

The detail in the description says the box L total reflects

- Contributions to Capital

- Transferred Caital

I do not see where to enter this in Turbo Tax. 

Is this just "internal accounting" and not reflective of a capital event?

Thank you,

Emily

[Anonymous_ · Accepted solution]

It is not necessary to enter information regarding your capital account in TurboTax but, if you would like to do so and since you are using TurboTax Home & Business, you can enter the figures directly on your K-1 in Forms Mode.

[Emily-2Q2Q]

thank you.