You'll need to sign in or create an account to connect with an expert.
The K-1 should show boxes and numbers in each box.
Many, most, some....will have numbers in them depending on the k-1.
Sometimes, all boxes would be empty or zero.
If there are no boxes with numbers in them, then there is nothing to report.
please consider a thumbs up.
I hope this addresses what you were asking?
If you are asking about entering the details for a Section 199A Statement or STMT that came with your Form 1041 Schedule K-1, you make those when you enter the box 14 code I (as in India).
After you've entered the code I on the box 14 entry screen, you'll need to Continue, and enter the information on the K-1 statement into the categories shown in the "We need some information about your 199A income or loss" and "Let's check for some uncommon adjustments" screens.
To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to find the K-1 you need to edit.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jsault424
New Member
trevhuth
Level 1
Anjin San
Level 1
NYC89
Returning Member
Irasaco
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.