I have several k-1's which reporting income and/or loss. Unlike other years, only four of the k-1's appear in Schedule E. This results in the erroneous reporting of my net k-1 income.
In addition, Turbotax is not correctly calculating my k-1 income. For example, I have net rental real estate income reflected on line 2 of one of my K-1's. The K-1 also shows a Section 493 deduction. I entered the income on line 2 and the adjustment on line 13(v) of the turbotax k-1 form for this partnership However. only the loss line 13 negative adjustment is imported into Schedule E The income is not. This results in a significant underreporting of my income. I have attempted to overcome this by overriding values in the schedule E partnership worksheet. However, this error needs to be resolved in the software. This error could be tied to the error in the first paragraph, as a separate partnership entry for the income was not carried over to Schedule E.
Also, the data source function appears not to work on many entries. This makes it difficult to find the source of issues with my return. Please help.
