Please elaborate. Was the K-1 you received from a partnership (form 1065) with a "V" code in Box 20?
No. The K1 was part of my corporate report. Box 20 is empty. But when I did the personal return, box 20 could not be edited or unchecked.
A couple of days later, today, I reopened the personal return to try to finish or re-enter everything.
By today, though, TurboTax had fixed whatever the issue was and the income info from the business return was correct and the box 20 info was all zeroes, as it should be.
You may need to amend your return to put that information in. If there is a V or Z, then it may qualify you for the Qualified Business Deduction if you didn't receive it on your original return.
No I am filing an estate tax return for someone's death. All the K-1's are emply. no amount is entered .
@CynthiaAliciaSchell wrote:
No I am filing an estate tax return for someone's death. All the K-1's are emply. no amount is entered .
You need to make a distribution in the Distributions section of the program.