TurboTax needs a separate K-1 entry for Box 1 and for Box 16, Code D, E, and F. Please delete the K-1s you have entered and take the following steps.
Add a K-1 with only the Box 1 income.
- This income is probably interest income and needs to be reported as ordinary income.
- Enter Part I and Part II information.
- Do not check off any other boxes on the Check Boxes That Have an Amount. Leave these blank.
Add additional K-1s with Box 16 income.
- When in the K-1 section of TurboTax for box 16A, you can select various from the drop-down list for Foreign County or Possession.
- Please pay attention to the note on that page too that states, "Note: You must enter in separate K-1's if you have more than one type of foreign gross income (Codes D, E, & F)."
- If you have code D, E, & F, then simply add a separate K-1 for each code D, E, or F accordingly.
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