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Why is my Schedule K-1(Form 1041) interest showing up on my 1099-Int line on my income and not the K-1 line?

I have put the information in separately from my 1099-INT form and K-1 Form 1041 into Turbo Tax, but Turbo Tax is combining them into the same place under my income.
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Accepted Solutions
Cindy0H
New Member

Why is my Schedule K-1(Form 1041) interest showing up on my 1099-Int line on my income and not the K-1 line?

That is correct. The K1 information spreads out to the appropriate areas on the individual return. The K1 interest should be in the interest income.

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1 Reply
Cindy0H
New Member

Why is my Schedule K-1(Form 1041) interest showing up on my 1099-Int line on my income and not the K-1 line?

That is correct. The K1 information spreads out to the appropriate areas on the individual return. The K1 interest should be in the interest income.

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