pingliu
Returning Member

Business & farm

Hello, I'm entering information of a K-1 (1065) for a partnership LLC.  When I started the K-1 a few years ago, I put in all the information including part II K and L.  Later, every year when put in the same partnership K-1, Turbo tax never ask me for these information again, only Part III needs to be updated every year. However I can see K and L part of number keep changing on every year's K-1.  Turbo tax keep the original numbers I put in and never change.  Does it matter?