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Get your taxes done using TurboTax
The IRS made significant changes in Schedule K-1s this year, especially for coding in boxes with "other information." These changes required an equal level of changes in the way K-1's are entered in TurboTax.
For boxes AH-ZZ, no entry is needed in the primary box amount. Instead, the detail is reported under the Other Information section. Essentially, this duplicates how these amounts are reported on Schedule K-1 (box with code and asterisk, amounts on supplemental sheet).
Depending on what is reported for Code ZZ and how those amounts may or may not affect your return, you may decide an entry is not required for your particular tax situation.
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March 27, 2024
8:17 AM