Mike9241
Level 15
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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. 

 

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