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Schedule K-1 (Form 1041) Part III, Box 11B
I don't see where I'm to enter the below info.
The Final K-1 I received has 115 in box 11B. The Excess Deduction Detail sheet I received with form has:
Non-Miscellaneous Itemized Deductions
State and Local Income Tax Subject to $10,000 Limitation ... 115
Excess Deductions Allocable to Net Investment Income ... 115
(See Form 8960 Instructions)
TurboTax Form 1041, Part III, Line 11B has a sub line * but field is not editable.
Also TurboTax dialog box says to search for topic mentioned in details. No Joy there. It says to go to form and enter data.
March 26, 2023
3:18 PM