Schedule K-1 Box 17 Code AD is not processed by TurboTax. You must enter the information for this investment sale in the appropriate section of Federal income.
Form 8949 is used to report an investment sale other than from a brokerage account (Form 1099-B). Follow the steps below to enter this information in TurboTax.
- Click on Federal Taxes (Personal if using Self-Employed)
- Click on Wages and Income (Personal Income if using Self-Employed)
- Click Continue
- Click on "I'll choose what I work on" (if shown)
- Scroll down to Investment Income
- Beside Stocks, Mutual Funds, Bonds, Other, click Start/Update button
On the next screen, click Yes to continue
On the next screen, click No, you did not receive Form 1099-B
On the next screen, choose the option that pertains to the type of investment sale you are reporting and follow the prompts to enter the supplemental information provided with Schedule K-1.
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