- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
So you have two options, Option 1 is to report just one tax form and then wait for the CP notice that imputes the income to them after they file. Or report both forms after and back out the duplicate income as follows,
W2 G Income, hit magnifying glass ,type W2G, then jump to W2G
For the K-1 income reporting, Personal income, then Less Common Income, then Prizes, Awards and Gambling Winnings, then update until you reach this screen
And then finally, to back out the duplicate income Go into Less Common Income, Misc Income, Lets work on Misc income,, Did you receive Other Wages-answer Yes till you get to the screen Any Other Income, hit yes, then source of Other Income, Other, then in description enter duplicate income and put a negative 60,000 like this
**Mark the post that answers your question by clicking on "Mark as Best Answer"