- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Turbotax doesn't use sections J through L on the K-1 for anything, nor is it included in your e-filing. if you omitted them completely from your tax return, no harm would be done. This is also true for Part III box 19 since Turbotax does not track basis or at-risk amounts and there are many items In Part III box 20 that are not used for anything.
so why does Turbotax have these items? - probably because taxpayers would worry that they are omitting important info.
‎June 10, 2024
11:48 PM
13,719 Views