Filing 2022 tax return (late with extension) using TurboTax Premier.
I got a K-1 from a publicly trading company whose stocks I owned (which I am going to sell after going through this hassle). The form has entries in other boxes, but boxes 15, 17 and 20 as follows:
Box 15
M 0
P* 0
Box 17
A 3
B 0
* STMT
Box 20
A 152
N 0
T* STMT
* STMT
From looking up online, STMT means statement. Boxes 17 and 20 refer to it, while box 15 just has a P* entry but does not refer to STMT.
Sure enough I do have a table "2022 Federal Schedule K-1 Supplemental Information" on the next page. I believe that's my "statement".
In there there are many rows with three values each. A code, description, and amount. The codes are like 15P, 17C, 17D, 17E, 20T1, 20T2, ..., 20T5, 20V, 20Z, 20AB, 20AE, 20AG, 20AH1, 20AH2, ..., 20AH12.
TurboTax lets me choose the codes but only the letters. I am simply selecting those codes and entering the amount.
My questions are:
- Do I need to enter all the codes in the supplemental statement into both boxes 17 and 20 screens in TurboTax (enter twice, once for box 17 and then for box 20 screen) because in both it says "* STMT"? What about Box 15? It doesn't say STMT, but it has P* and in K-1 at bottom it says "* See attached statement for additional infomration".
- For 20T1, 20T2, ..., 20T5, do I enter multiple lines one for each of those codes selecting T in the drop-down for each line?
