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orenl
New Member

My schedule k1 has multiple AJ entries, (Gross Income and Total Deductions) which one do I use for the AJ entry

AJ Aggregate Business Activity Gross Income. . . . . $ 1000. AJ Aggregate Business Activity Total Deductions. . . $ 1350 Though the turbo tax entry form only have 1 value to enter. which do i use?
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1 Reply

My schedule k1 has multiple AJ entries, (Gross Income and Total Deductions) which one do I use for the AJ entry

What kind of K-1 (1065, 1120-S, or 1041)?

 

Which Box of the K-1?

 

It would also be helpful if you told us the description of that AJ Box item.

 

I suggest a tax professional.  Using DIY software like TurboTax for something that you know nothing about can be risky and end up having big problems.

 

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