Thank you for your response. This helps, I understand. One last question if I may: I have a number of K-1's and 6 or 7 of them repot a very small amount of capital income....like a dollar or 2, some show a small loss. It's 15 minutes of work for me to enter these into Turbo Tax and for what? It doesn't affect my taxes...just time spent entering this information (tempted to not enter them). The IRS also receives these K-1's and by not entering them "could" this draw attention to my return (electronic red flag) possibly causing an audit? I don't have anything to hide, yet prefer not to go through this.
Again, thank you for answering this!!
