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Business & farm
@taxchallenged2 wrote:
I scroll down to the Business Items section. Next to the Schedule K-1 update button is the total figure and it shows $0.
That is typical because the figures you enter from your K-1 into the program are distributed throughout various forms and, thus, the figure next to the K-1 will be $0. For example, the interest and dividend income from the K-1 will appear on Schedule B.
Also, the foreign income would generally be passive and sourced at the beneficiary level since the beneficiary received the income (as a distribution).
March 22, 2020
7:34 AM