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jenniegfreeman
New Member

Where does TT put info from K1 Part II, Section L?

On final K1, the Ending capital account had a negative balance, but I don't see a worksheet or that amount on my 1040.  Thanks.

1 Reply
ElizabethP
New Member

Where does TT put info from K1 Part II, Section L?

To edit, change or add information to your K-1 sheet:

To enter a Schedule K-1

  • Click on Federal Taxes 
  • Click on Wages and Income 
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Business Items 
  • On Schedule K-1, Q, click on the start or update button

Or see this TurboTax support FAQ on entering a Schedule K-1 - https://ttlc.intuit.com/questions/1900938-where-do-i-enter-a-k-1-that-i-received


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