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Schedule k1 Is there a way to enter the data provided in Form 1065 in Part III box 20 since my form has considerably more data than Turbo Tax forms allow for box 20 Z.

 
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MiriamF
Intuit Alumni

Schedule k1 Is there a way to enter the data provided in Form 1065 in Part III box 20 since my form has considerably more data than Turbo Tax forms allow for box 20 Z.

The information in Box 20 that affects your tax return is reported elsewhere. Most of what is listed in Box 20 is for your information and not important to the IRS, so TurboTax does not require you to report it.

Don't worry about the Box 20 entries. Submit what you have, and the IRS will be happy.

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1 Reply
MiriamF
Intuit Alumni

Schedule k1 Is there a way to enter the data provided in Form 1065 in Part III box 20 since my form has considerably more data than Turbo Tax forms allow for box 20 Z.

The information in Box 20 that affects your tax return is reported elsewhere. Most of what is listed in Box 20 is for your information and not important to the IRS, so TurboTax does not require you to report it.

Don't worry about the Box 20 entries. Submit what you have, and the IRS will be happy.

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