entering form1041 schedule K1 box 9

Forum|Forum|6 years ago
April 9, 2020
4 replies
76 views

the K-1 I received has an entry of 9*A in the box and in the amount is the code STMT in the amount box. Turbo Tax will not let me enter this code. Ref.: IRS Instructions for Form 1041 (2019) page 40 states that the entry on the K-1 I received is correct.

Best answer by Anonymous_

You cannot enter anything other than a number in the amount box.

You should have received a statement, along with your K-1, with a description and a dollar figure. If you did not, you should contact the fiduciary of the estate or trust and inquire.

Anonymous_Answer

Level 15

You cannot enter anything other than a number in the amount box.

You should have received a statement, along with your K-1, with a description and a dollar figure. If you did not, you should contact the fiduciary of the estate or trust and inquire.

ThomasM125

Level 15

"STMT" means that there is a statement attached to the K-1 schedule that explains more about the entry. "STMT" isn't an acceptable code to enter on your tax return.

Box 9 with a code of "A" means there is depreciation to be allocated to the recipient, and there can be various options as to how to report that, so that is probably why there is a statement attached.

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