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Level 5
April 4, 2026
Question

TurboTax is not prompting for all information on my K-1

  • April 4, 2026
  • 1 reply
  • 29 views

I'm an EPD unitholder. My K-1 has a negative capital account (-$7,856) but large nonrecourse liabilities ($41,434). I'm in Forms Mode and don't see any of ending basis information on the K-1 Partner Worksheet in Part II items J, K and L. Specifically I am missing ending partners share profit, loss, & capital (J), partners share of liabilities (K), and all information in the Partners Capital Account Analysis section (L) except for the beginning capital account.
How do I trigger the Step-by-Step interview to ask for this information so my 2026 carryover is correct?
Can it be entered in forms mode if necessary?

    1 reply

    MaryK4
    Level 15
    April 4, 2026

    If you did not indicate that it is a Publicly Traded Partnership, TurboTax may not add the questions in the sequence.  You can add in Forms mode (if using Desktop/Download).  

     

    If you go back through the K-1 entry, make sure you have the PTP checked.  

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    Mitzy20Author
    Level 5
    April 4, 2026

    Yes I checked the box "this is a PTP" at the beginning of the interview so that is not why I am not being prompted.
    I have been an EPD unitholder for several years. TT only brought over the 2024 beginning balances but did not prompt for ending balances...
    I would prefer to have TT prompt for this information rather than me put it in the forms and have it not carried over to other forms or fields where it is required.
    Can someone please help.