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Getting Conflict between what my Schedule K-1 shows vs what TurboTax is asking for.
Hi, I need assistance, I entered the information into the TurboTax program (Home & Business) that is on the Schedule K-1 as it was provided to me. But I can not file online because TurboTax states it the following "Box 16 Description has been entered for foreign branch category deductions related to foreign source income (code L), but no code E income has been entered.", my problem is that the K-1 provided to me does not have a code E listed under box 16, instead it has code B listed. How should this get approached? And how can I fix it? All help is welcomed.
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‎April 14, 2021
12:10 AM