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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.
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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