Level 1

posted Jun 5, 2019 11:31:47 PM

What do I do if a Schedule K-1 has a 16U listed and there is no 16U on the blank form?

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1 Best answer

Expert Alumni

Jun 5, 2019 11:31:49 PM

After entering box 1 or 2 or 3 of your Schedule K-1 form 1065, click Continue
The next screen asks you to check boxes that have an amount (see attached screenshot)
You should check box 16 and click Continue
On the next down choose code U in the drop-down menu and enter the amount

1 Replies

Expert Alumni

Jun 5, 2019 11:31:49 PM

After entering box 1 or 2 or 3 of your Schedule K-1 form 1065, click Continue
The next screen asks you to check boxes that have an amount (see attached screenshot)
You should check box 16 and click Continue
On the next down choose code U in the drop-down menu and enter the amount

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