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K- 1 and schedule E
Using TurboTax Deluxe2022
I received a K1 from a S corp and entered the info in the K-1 form. It shows up as income in the Business Items, Schedules K-1.
When reviewing the forms, Schedule E appears to have been generated and has the same amounts. However, Schedule E appears to be included as income. If I remove all entries in Schedule E, no errors are generated in review and the K1 is correctly reported as income in Business Items.
It appears that the K1 income is being reported twice, once from the K1 and from Schedule E.
I searched help but wasn't able to find anything related.
March 17, 2023
2:34 PM