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Enots1962
New Member

Schedule K-1 Box 14

I'm ready to e-file my taxes but Turbo Tax keeps taking me back to check one last thing. They highlight Box 14 and the entry:

B code - Gross income from all sources

Then there is some wording about submitting separate K-1 worksheets for each source of foreign income. But there doesn't appear anyway to adjust or correct anything. So you can't ever get past this continual loop. You try to e-file and it sends you right back. Anybody know how to get around this roadblock?

 

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2 Replies

Schedule K-1 Box 14

Do  you have a K-1 from a 1065 that has amounts in box 1 & 2 ?  

 

If so this needs to be entered on 2 separate K-1 forms ... on the first one enter everything EXCEPT the box 2 amount ... and on the second one enter ONLY box 2. 

Anonymous
Not applicable

Schedule K-1 Box 14

this apparently is a S corp k-1 FTC info since it is on line 14 if 1065 FTC info would be on line 16.

if 14b is the only item in the section delete it. not much benefit unless you paid foreign taxes which would be on lines 14p or q.  enter the other lines shown in box 14. watch for those with ** they need to be linked using the quickzoom icon below box 14.  anything with just an * is not handled by TT - I don't enter them. 

  

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