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Deductions & credits
You’ve entered this thread quite a bit after it was last updated, but if you’re still referring to Schedule K-1 (Form 1041) line 11, here’s how to enter it in TurboTax Online:
- If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get started, Pick up where you left off, or Review/Edit.
- Otherwise, in the left pane, select Federal, then Wages & Income (This is labelled Income & Expenses in TurboTax Self-Employed)
- Scroll down and select the Show more dropdown to the right of S-corps, Partnerships, and Trusts
- Select Start or Revisit to the right of Schedule K-1
- On the Tell Us About Your Schedules K-1 page, select Start to the right of Estates or trusts (Form 1041)
- Enter all relevant information on each screen until you get to 11B Excess Deductions - Final K-1. Select Yes
- On the Check boxes that have an amount page, select all appropriate boxes. Select Continue
- On the Enter box 11 info page, enter your information in the appropriate fields, then select Continue
- Continue through the interview
If this isn’t your issue, you might consider opening a new post with your question.
April 6, 2023
1:23 PM