acorcoran
New Member

K-1 Issue: Box 16 Description has been entered for code N and code M and/or code O. Use separate K-1 worksheets to report more than one type of foreign deductions sourced at the entity level.

I am having a bear of a time this year trying to file my K-1.  

 

This year, I have a K-1 with the following Box 16 Codes: 

 

A
B

F

G

M
N

P

 

I do understand that I need to create a separate K-1 for specific codes, but right now I think my mind is mush.  With EVERYTHING entered into one K-1, I get the following two errors: 

 

Box 16 Description has been entered for code N and code M and/or code O. Use separate K-1 worksheets to report more than one type of foreign deductions sourced at the entity level.


AND

 

Box 16 Description has been entered for code G and code F and/or code H. Use separate K-1 worksheets to report more than one type of foreign gross income sourced at the entity level.

So how many K-1s should I end up with when everything is said and done?  This makes me think I should have

K-1 for A,B,P
K-1 for G,F
K-1 for N,M

Just very confused and figured I'd come to the community forhelp.
K-1 for