jtax
Level 10

Business & farm

Generally TT will about most of the common things on K-1s. E.g. it will say "what is in box 1" what is in box 4, etc. Or what codes and amounts are in box 14.  For the typical dividends/interest, etc. the process is usually not very complicated.

 

There are a few tricky things that are related to supplemental statements and box 12/13/14 codes that need extra attention. If you run through the questions and it turns out you have those feel free to ask again with the detailed information about box numbers, any codes provided, or the supplemental statement you have an perhaps someone can help.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"