While this may not seem to be uncommon, I don't think that TT handles this unless the individual also receives a K-1 and it gets handled in the K-1 section; there is a specific question related to this.
I have two recommendations:
- Depending on which version of TT you are using, there is most likely a customer support number. I would call that number and speak with someone to see how this is handled by TT if at all under your circumstances.
- You may need to override Schedule 1 line 16. This would require that you are using a TT version other than online. This would also preclude you from efiling with TT.
Don't be surprised if you receive a notice on this matter. Just respond with the facts that you presented here. Also download a copy of CCA 201912001 and keep it with your documents. This will support your position.
*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.
