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Level 3
April 5, 2020
Question

K-1 Supplemental Information sheet with empty amounts?

  • April 5, 2020
  • 1 reply
  • 0 views

I am using TurboTax Business to prepare this years taxes for my LLC with 2 members. When I print out the Federal return (return pages only), I see the following supplemental sheets after each member's Schedule K-1 (see screenshot below). My guess is, this is somehow related to the Schedule K-1 box 20, which shows code Z* STMT. The amount column is empty, however, so what could possibly be the purpose of this? I don't understand what this is for, and why the amounts are empty.

 

Does this look correct as is, or do I need to manually enter information somewhere? 

 

1 reply

Level 2
April 6, 2020

Read the info at this link........

NS1Author
Level 3
April 6, 2020

hmm that link is broken, shows "404: Page not found"

Level 2
April 6, 2020

https://www.accountingtoday.com/

 

/opinion/avoiding-penalties-related-to-new-tax-cap[product key removed]rements-for-partnerships

 

So go to the link and copy and paste the line above into the url


Forget it....keeps coming up with the stupid 'product key removed' line