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Get your taxes done using TurboTax
This was helpful, but I still have a question and a problem related to splitting my k1 into multiple k1's.
The received k1 has all of the income combined. I assume I should only report the income from the main company and not the pass-through income for the main k1 entry in Turbotax, since we are reporting the pass-through incomes in separate k1 entries. And the same with all the other boxes (e.g. 4 - 20). Correct?
When it asks me the combined question, only 4 of my k1's show up in the list and not the one that it should be combined with. Is this a bug in TurboTax 2020? Is there a way I can make the "main" k1 of the split show up or manually work around this?
Thanks (hoping to finish up my taxes before my extension expires)!
‎October 4, 2021
3:42 PM