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Why on my turbo tax is my info from a schedual K 1 coming up as a 1099 INT and not in the K1 section??

 
4 Replies
IreneS
Intuit Alumni

Why on my turbo tax is my info from a schedual K 1 coming up as a 1099 INT and not in the K1 section??

What kind of entity issued the K-1 (partnership, S-Corp, estate/trust)?
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IreneS
Intuit Alumni

Why on my turbo tax is my info from a schedual K 1 coming up as a 1099 INT and not in the K1 section??

Interest income reported on a K-1 should flow to Schedule B.  The K-1 is simply a transmittal form reporting items due you from the pass-through entity.  The different items reported will flow to their correct spot on the 1040.  Some examples include:

  • interest and dividends flow to Schedule B.
  • capital gains flow to Schedule D
  • business income flows to Schedule E, p.2
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Why on my turbo tax is my info from a schedual K 1 coming up as a 1099 INT and not in the K1 section??

1065

Why on my turbo tax is my info from a schedual K 1 coming up as a 1099 INT and not in the K1 section??

where on Sched B? I don't see K-1 name and amount?

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