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Level 1
posted Oct 4, 2023 11:08:50 AM

TurboTax Business - LLC received a K-1, no place in TT to indicate that box 16 is checked

There's a multi-member LLC which invested in a domestic LP that provided the LLC with a K-1 that has box 16 checked. TurboTax Business desktop for Windows doesn't have any place to indicate that box 16 is checked nor is there a question about whether the LLC received a K-3 (and obviously no place to enter the K-3 info). Is there any way to enter K-3 information in TurboTax Business?

 

Thank you!!!

0 1 229
1 Replies
Level 15
Oct 4, 2023 1:45:19 PM

Enter Forms Mode and look for the checkbox for Line 16 on the K-1.