I've never seen it or read about it as a possibility, and TT definitely thinks its an error, but that's not proof that the agent is wrong. Hopefully an expert in this area of taxation will be able to point to something definitive. But if you want to pursue it with the Partnership, I'd suggest a couple avenues:
- Contact a different agent at the K-1 preparer to see if you can get a better explanation (especially since the one you talked to referred to 6a as ordinary income, rather than ordinary dividends) -- there are many new people being trained during this period, so someone with more experience might get you a better explanation.
- Ask them to look specifically for any notes for your partnership about lines 6a/b. Usually, when something odd is going out in the K-1 there may be notes for the agents to help them answer the inevitable inquiries. You won't be the only unit holder contacting them about this
- Try contacting investor relations for the partnership in question (their email will be on their website). They may be able to direct you to someone who can provide a better answer.
All of that may be more effort than you want to spend on a $2 issue. Given that this is such a small impact on taxes, if you just want to file, but without any TT warnings, you can always just increase line 6a by $2.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
