Hello. My problem starts when I try to do the Federal Review on my year 2020 federal taxes.
The top of my K-1 form looks like this, and nowhere is there anything about a Sch A box.
Question: What is the basis for ticking Sch A Box versus doing form 1116?
When I get to Box 14, the real trouble starts. This is what the CPA gave me :
For each *, they provided footnotes. For the life of me, I cannot see a direct connection between the way they represent the info and the TurboTax K-1 questions. This is what the CPA gave me for footnotes :
I removed the $ amounts from the screenshots for privacy and added in unique expressions, A01... in red, so that the values can be discussed individually.
Question : can anyone provide a reference that would tell me exactly how to fill in the TurboTax K-1 ? Where do I put value A01 for instance?
I tried ticking [x] Sch A Box and then I get
None of those phrases match to those listed in the info from the CPA (above).
I should probably mention that this CPA charged us far too much and the very last thing I want to do is ask them a question directly.
I hope someone has time to answer this.
Stay safe & healthy. Happy spring.
