Received my late K-1 April. And its entry to Premier generated error: "Sch K-1 Wks-Partnerships (Blackstone Group LP): Box 16 Description-1 has been entered for more than one type of income. Use separate K-1 worksheets to report more than one type of foreign gross income sourced at the entity level.". My K-1 had box 16: B,C,D,F,I,M,U entries. First attempt moved D,F (both foreign?) to second K-1 Wks and got 2 errors: First K-1: "M needs code F" (both passives?), and Second K-1 "more than 1 type". Moved F back to First K-1. And Turbotax seems to run error free so far. With this error kicking around the FAQs for 3 years, this situation is not a real confidence builder. And if it was done correct, several days of teeth gnashing for $1 of income. Time to complain (to someone) that regulations are too complicated.
