Hi @PatriciaV - There is another aspect to this:
I have a Windows desktop version of TT Premier - and in the step-by-step, when I come to the place of entering K-3 Part II, Sec 1, Ln 24 - i.e. the summary line, TT's column name and title do not match for (g) in my received K-3 or the IRS's website form K-3.
TT calls col (g) Foreign Gross Income - Gross Income from all sources, whereas standard IRS (and my partnership) calls it "Total", and the way the partnership has computed the value, it implies that includes Foreign and US Sourced Income.
I am sure you can appreciate the difference in the implications.
(I just downloaded the latest version of the TT update) .
Is this a bug? Or should I ignore entering col (g) in TT altogether? Pls advise
Going further to the next page in the step-by-step (Enter Deduction Information) , the col names do not match for cols (IRS's) F and G. TT refers to both of them as cols F and F. TT calls the first F Interest Expense while IRS calls it Sourced by Partner; and TT calls the 2nd F as Other, while IRS calls it Total. Implies something very different, Right?
Unless TT forgot to say that the cols B through E are from Line 54, whereas 1st F is the total of col F in lines 39-43, and 2nd F is from Line 54 col F less the 1stF.
If my assumption is right, the Language on this page and the Help text leaves a lot to be desired.
Thanks
