K-1

Forum|Forum|5 years ago
October 23, 2020
4 replies
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I entered the income from a K-1 on the "Enter Box 1 Info" form for 2019. However, this income and other data does not show up in the Summary of K-1s ( I have 4 of them to report). I don't understand.

Best answer by Anonymous_

@rogayers wrote:

I entered the income from a K-1 on the "Enter Box 1 Info" form for 2019. However, this income and other data does not show up in the Summary of K-1s ( I have 4 of them to report). I don't understand.

The K-1 summary screen typically shows "$0" because the entries from your K-1(s) are distributed to the appropriate schedules and forms on your return.

For example, interest and dividends would appear on Schedule B while capital gains would generally appear on Schedule D.

Anonymous_Answer

Level 15

@rogayers wrote:

I entered the income from a K-1 on the "Enter Box 1 Info" form for 2019. However, this income and other data does not show up in the Summary of K-1s ( I have 4 of them to report). I don't understand.

The K-1 summary screen typically shows "$0" because the entries from your K-1(s) are distributed to the appropriate schedules and forms on your return.

For example, interest and dividends would appear on Schedule B while capital gains would generally appear on Schedule D.

ssunshine007

Level 4

I don’t understand any of it either. My friend said she had a friend that works for H&R Block and she would happily do this for me. I gave her all my information That she needed.