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Business & farm
I would guess your K-1 is from some type of hedge fund? These are complicated K-1's. I am not aware of any software that can handle these as one K-1. Usually it is necessary to set up various K-1 input forms or just enter the amount directly on the appropriate line as I recommended above.
You should not be doubling up if you only enter it directly on Schedule B and do not enter this detail during the K-1 interview process.
You should not be doubling up if you only enter it directly on Schedule B and do not enter this detail during the K-1 interview process.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
May 31, 2019
5:51 PM