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Business & farm
I received an amended K-1 for 2021 that sent me into this K-1 entry spiral. It seems no combination of numbers will satisfy the error message in TurboTax. I have boxes 2a, 2b, 4a, 5 and 14 a,b,h & i values. My i statement information for line 14 B ($20 foreign tax) shows Gross income $572, Qualified Dividends $411 and taxes $20. Other items in line 14 are A tax exempt interest of $170 and an H entry of -5,888 (an adjustment for section 1411 net investment income or deductions). The original income of 5,888 appears on line 5 of the K-1. Do you have suggestions on how I can enter this information so that it will be accepted without error and, more importantly, generate the correct tax? Thank you.
March 17, 2023
2:31 PM