Anonymous
Not applicable

After you file

tt is right if box 12 is check, the k-1  is not reported on your 1040 return 

 

partnerships report unrelated business taxable income  (UBTI) in box 20 (2018)  if over $1,000, for any type of retirement account it is suppose to file 990-T     

 

you will see the same in TT for 2020- box 12 check - don't report on 1040.   look at box 20 for UBTI  and if over $1,000 you'll need to do a 990-T which TT doesn't handle. 

 

 

sorry, but pay the IRS what it asks because penalties and interest continue to build. 

https://www.irs.gov/pub/irs-pdf/f990t.pdf