Yes, you may enter the information from Schedule K-1 Box 16 in TurboTax for desktop as follows:
- Use the Find box in the TurboTax header to search on "k-1." Click the jump-to link to go to the start of the section.
- Choose the type of K-1 you need to work on by clicking Start/Update.
- Add a new K-1 or edit a K-1 you have already entered.
- Follow the prompts to the page "Check boxes that have an amount" and check Box 16.
- Continue to the page "Enter Box 16 Info" (see screenshot #1 below - click to enlarge).
- Choose the country in the drop-down for Box 16a.
- Choose the codes(s) on the K-1 from the drop-down under "Enter Other Codes" and enter the amount for each code in the box.
- Continue to save your entries.
If you have more than one country for Box 16, you will need to add another K-1 to report each country.
If you have Box 16 codes that do not appear in the drop-down, click the Forms icon in the TurboTax header. The relevant form should be open in the mail forms window.
Scroll down to Line 16 and click the "QuickZoom" button at the bottom right corner of that section (screenshot #2). This opens another worksheet to enter additional codes.
When you are finished, click Step-by-Step in the header to return to the K-1 entry section.
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