Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Aug 17, 2023 1:31:56 PM

Why doesn't my version (Turbotax Business 2022) not have Box 16 option to click when entering K-1 info that has a K-3 included with it?

Don't I need to pass this onto my partners?  I'm working on a Form 1065.

0 6 924
6 Replies
Level 15
Aug 17, 2023 1:40:16 PM

Enter Forms Mode and check the box shown in the screenshot below on the K-1 (1065) received.

 

Level 2
Aug 17, 2023 1:46:59 PM

OMG!  Thank you so much!!!!!!

 

Level 2
Aug 17, 2023 2:13:13 PM

wait--but you just check the box and then you still have to do manual forms?  i thought the K-3 forms are available in Turbotax now.  I'm working on a 1065 that has an investment where we got a K-1 which has a K-3 attached.  I have 4 partners in my company that i'm doing the 1065 for.  i need their portion of what's on the k-3 i got for each of the 4 partners correct?  Do i have to do all of this manually???  Thanks!

 

Level 15
Aug 17, 2023 2:22:27 PM


@vlm1 wrote:

Do i have to do all of this manually???


Yes. Unfortunately, your scenario requires manual entry.

Level 2
Aug 17, 2023 2:27:40 PM

yuck!  thanks!

Level 1
Sep 14, 2023 1:13:38 PM

Once we select the box for k-3 is attached, where do we enter the data?