@tgautney wrote:
no
If you have set up your partnership (or multi-member LLC) correctly in the program, including the information for the partners/members, then the figures you enter should automatically flow through to the K-1s (i.e., you do not need to manually allocate unless, possibly, you indicated that the entity made special allocations).
You might want to contact Support to ensure you have made the proper selections.
https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632
I believe you need to provide more details.
Are you actually using TurboTax Business to prepare a Form 1065?
Did you enter partners/members of the partnership/multi-member LLC and their ownership percentages?
Are you seeing blank K-1s in Forms Mode or just no K-1s at all?
Yes, I am using TT Business. The percentage allocations are set and I am seeing blank K-1s.
If you enter a hypothetical number into the Sales and service receipts section, do you see any numbers reflected on your K-1s?
You also might want to check the selections you made for your partners/members.
You have to allocate the income to the partners. That is, you have to tell the software whether the individual partners, rather than the partnership, will report the income.
@tgautney wrote:
no
If you have set up your partnership (or multi-member LLC) correctly in the program, including the information for the partners/members, then the figures you enter should automatically flow through to the K-1s (i.e., you do not need to manually allocate unless, possibly, you indicated that the entity made special allocations).
You might want to contact Support to ensure you have made the proper selections.
https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632