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btnrdn
New Member

Received Oil/Gas K1s. Entered all K1 info including Box 20 Code T depletion. But TTax does not bring that to Sch E? ? Got to be easier way than manually inputting

I had to then go into Rental/Royalty section of Turbo Tax..... had to even re-enter two Partnership names..... put in the Gross Royalties.... which doubled the total royalties because TTax already picked up royalties from K1... which doubled the Depletion.....so had to override the depletion.....Still has to be an easier way???  And Schedule E Tax Form when I print it does not even have the Partnership names on the A, B lines etc.....  Please help.

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1 Reply
RobertB4444
Expert Alumni

Received Oil/Gas K1s. Entered all K1 info including Box 20 Code T depletion. But TTax does not bring that to Sch E? ? Got to be easier way than manually inputting

If the import for the K-1's is not working then you may have to manually enter the K-1 data.  While I recognize that is annoying it is also the fastest way to fix this issue.  

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