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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??
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posted
June 4, 2019
4:12 PM
last updated
June 04, 2019
4:12 PM
4 Replies
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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??
What kind of entity issued the K-1 (partnership, S-Corp, estate/trust)?
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June 4, 2019
4:12 PM
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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??
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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June 4, 2019
4:12 PM
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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
October 9, 2019
12:33 PM
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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??
where on Sched B? I don't see K-1 name and amount?
October 9, 2019
12:34 PM
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