743b reporting

[SaraHagan]

How do I get Turbotax Business to make entries in Schedule k-1 lines 13 and 20?

[PatriciaV]

Yes, you can enter Box 13 and Box 20 for Schedule K-1 using Forms Mode.

1. Click the Forms icon in the TurboTax header.
2. Look for "Form 1065 p5-6" in the left column. Click the form name to open it in the large window. 
3. Scroll down to Line 13.
4. Find the code you need to use or choose a code from the drop-down under Type beneath Line O.
5. Enter the amount in the related box.
6. Scroll down to Line 20.
7. Find the code you need to use or choose a code from the drop-down under "I" beneath Line E.
8. Enter the amount to be allocated.
9. Now open a Schedule K-1 [name of partner].
10. Scroll down below Line 23 to the Supplemental Information Smart Worksheet. Enter "Line 20 (plus code letter)" and a description. Then enter the amount allocated to this partner. (TurboTax does not calculate this for you.)
11. Repeat Step 5 & 6 for each partner. Leave all forms open until you review the results.
12. To see Schedule K-1 and the attachment, print preview the form (in the menu bar, click File >> Print (Schedule K-1 will appear) >> Print Preview). Additional information will appear on a separate sheet after Schedule K-1, with the entry you made.
13. When you're finished, click "Step-by-Step" in the header to return to the interview.