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vlm1
Level 2

Why doesn't my version (Turbotax Business 2022) not have Box 16 option to click when entering K-1 info that has a K-3 included with it?

Don't I need to pass this onto my partners?  I'm working on a Form 1065.
6 Replies

Why doesn't my version (Turbotax Business 2022) not have Box 16 option to click when entering K-1 info that has a K-3 included with it?

Enter Forms Mode and check the box shown in the screenshot below on the K-1 (1065) received.

 

Untitled.png

vlm1
Level 2

Why doesn't my version (Turbotax Business 2022) not have Box 16 option to click when entering K-1 info that has a K-3 included with it?

OMG!  Thank you so much!!!!!!

 

vlm1
Level 2

Why doesn't my version (Turbotax Business 2022) not have Box 16 option to click when entering K-1 info that has a K-3 included with it?

wait--but you just check the box and then you still have to do manual forms?  i thought the K-3 forms are available in Turbotax now.  I'm working on a 1065 that has an investment where we got a K-1 which has a K-3 attached.  I have 4 partners in my company that i'm doing the 1065 for.  i need their portion of what's on the k-3 i got for each of the 4 partners correct?  Do i have to do all of this manually???  Thanks!

 

Why doesn't my version (Turbotax Business 2022) not have Box 16 option to click when entering K-1 info that has a K-3 included with it?


@vlm1 wrote:

Do i have to do all of this manually???


Yes. Unfortunately, your scenario requires manual entry.

vlm1
Level 2

Why doesn't my version (Turbotax Business 2022) not have Box 16 option to click when entering K-1 info that has a K-3 included with it?

yuck!  thanks!

Why doesn't my version (Turbotax Business 2022) not have Box 16 option to click when entering K-1 info that has a K-3 included with it?

Once we select the box for k-3 is attached, where do we enter the data?

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