Can I enter Box 20 code N of my K-1 anywhere else in TurboTax, such as Deductions & Credits - Investment Interest Expense or Investment Expenses ?

cookers33 · ‎June 4, 2019

The accompanying statement description reads "Interest Expense for Corporate Partners - Passthrough." After inputting the info from the K-1 into TT, there was a note that read "Your Code N entry on box 20 for $___ is shown as an information item on your Schedule K-1. It does not impact your individual return." This value is rather significant, it could positively affect my refund.

JShaw1 · ‎June 4, 2019

It is only applicable to corporations, so it's informational for you. You can't add it to your individual return.

Jim H2 · ‎March 16, 2020

If Box 20, Code N is only applicable to corporations, should I leave Box 20, Code N blank when filling out Easy Step?

DaveF1006 · ‎March 16, 2020

You can leave it off because it doesn't impact your return I would leave it in though since it is reported in your return. either way, it shouldn't impact your return.

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

Can I enter Box 20 code N of my K-1 anywhere else in TurboTax, such as Deductions & Credits - Investment Interest Expense or Investment Expenses ?

Investors & landlords

Investors & landlords

Investors & landlords

Can I enter Box 20 code N of my K-1 anywhere else in TurboTax, such as Deductions &amp; Credits - Investment Interest Expense or Investment Expenses ?

Investors & landlords

Investors & landlords

Investors & landlords

Can I enter Box 20 code N of my K-1 anywhere else in TurboTax, such as Deductions & Credits - Investment Interest Expense or Investment Expenses ?