When I entered the amount from line 54 Schedule K-3, Turbo tax does not update. The partnership is using K-3 for the first time (as am I) but their guidance is the net total amount in line 55 (income Line 24 less deductions line 54) is the most accurate way to depict the net gains. Currently, TT is calculating the tax just on the income amount.
Does it update later in deductions or do I have to manually enter those deductions later?
Thank you
