Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
billsomers
New Member

Where do I enter information from Box L on my partnership K-1 (Beginning capital account, current year increase, etc.)? TurboTax takes me right to Box 1.

 
1 Best answer

Accepted Solutions
Anonymous
Not applicable

Where do I enter information from Box L on my partnership K-1 (Beginning capital account, current year increase, etc.)? TurboTax takes me right to Box 1.

you can leave this info blank. the info is not used by TT and is not sent to the iRS. when you file return. 

View solution in original post

3 Replies
Carl
Level 15

Where do I enter information from Box L on my partnership K-1 (Beginning capital account, current year increase, etc.)? TurboTax takes me right to Box 1.

Try as I might, no matter what I select I just can not get the program to *not* ask me for the Capital Account Information, and the method used, before getting to the box 1 entry screen.
Anonymous
Not applicable

Where do I enter information from Box L on my partnership K-1 (Beginning capital account, current year increase, etc.)? TurboTax takes me right to Box 1.

you can leave this info blank. the info is not used by TT and is not sent to the iRS. when you file return. 

Retired_eng
Level 2

Where do I enter information from Box L on my partnership K-1 (Beginning capital account, current year increase, etc.)? TurboTax takes me right to Box 1.

The solution is to answer "No" to the question if the address information for the MLP is correct.  That (somehow) directs the program to bring up the capital account section.

Dynamic AdsDynamic Ads
Privacy Settings
v