On my Schedule K-1/Form 1065 Box 13 has a code "K" but no money amount listed. But TurboTax keeps going back for review of this entry. No numbers in Box 13, just a code.

sbcwalker · ‎June 3, 2019

PatriciaV · ‎June 3, 2019

If there is no expense relating to Box 13 Code K, you may uncheck the box so the program isn't looking for an entry.

Code K is used for portfolio deductions that should be reported on Schedule A. Be sure you check the Supplemental Information that came with Schedule K-1 to be sure there isn't something you need to report elsewhere.

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PatriciaV · ‎June 3, 2019

If there is no expense relating to Box 13 Code K, you may uncheck the box so the program isn't looking for an entry.

Code K is used for portfolio deductions that should be reported on Schedule A. Be sure you check the Supplemental Information that came with Schedule K-1 to be sure there isn't something you need to report elsewhere.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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On my Schedule K-1/Form 1065 Box 13 has a code "K" but no money amount listed. But TurboTax keeps going back for review of this entry. No numbers in Box 13, just a code.