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Get your taxes done using TurboTax
I tested out a Schedule K-1 (1065) box 11 H entry (used $10,000 for extreme) and indeed TurboTax makes no use of the entry. Its entry results in no change in any relevant Schedule (E page 1 or 2, QBI pages, or the base Form 1040 or equivalent). Historically, for example with almost all of the Box 20 entries until QBI came along with TCAJ for TY2018, TurboTax made no use of almost all entries in Box 20. So it seems that they have made the same judgment call.
If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67
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USAR 64-67 AIS/ASA MOS 9301 - O3
- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.
NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3
- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.
‎April 19, 2019
10:13 AM