K1 does not show income on Income Summary

[jwalsh-cary]

I have entered my K-1 info as I have in the past. I had a distribution this year, but I do not see any impact to my income. I have gone to the actual tax form via Forms in TurboTax and I can see on Form 1061 that on line Part III 9a  there is an amount for Long Term Captial gain. I was expecting this to be included into my annual income, but I do not see it. 

Can someone help me please?

Thank you

Jim

[MaryK4]

The long term capital gains from your K-1 will be on your Schedule D Line 12. and your 1040 Line 7.  There is an income summary where you can see or go to How do I preview my TurboTax Online return before filing?

[jwalsh-cary · Accepted solution]

Thank you for you helping me on this. After digging into the actual IRS Forms I can see the amount that I was expecting to show. This is very refreshing to hear and see. The problem as I see it is that within TurboTax on the Wage and Income screen the line for K-1's is blank, thus my concern that the revenue was not being included into my tax return. How do we get this resolved.

Thank you again, my heart is pounding back to normal.

Jim

[jwalsh-cary]

First reply was spot on. In the backgroup TurboTax filled out forms correctly. It was not and is still not showing on Wage & Income screen in TurboTax.

Jim