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Deductions & credits
@ZengFreeman wrote:
The K1 I received has ordinary dividends, qualified dividends, and net short term capital gain...
You do not need to create a second K-1 in TurboTax for those items of income. Enter the figures as requested during the interview.
@ZengFreeman wrote:Second is on the K1, in the section 14 Other information, has entry H: adjustment for section 1411 net investment income or deductions.
The 14H is simply an adjustment for the Net Investment Income Tax which you may not even be subject to, so simply enter that figure into the program.
March 27, 2024
10:29 AM