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New Member
posted Jun 4, 2019 3:16:18 PM

How do I get TT to accept my K-1 box 16 drop down list choice?

I have enter all of the amounts on my K-1 for box 16 and chosen the correct code H but TT flags it red as an error.

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3 Replies
Expert Alumni
Jun 4, 2019 3:16:20 PM

If you have multiple countries listed as Foreign Transactions from Schedule K-1 Box 16, you will see an error with instructions to "use separate worksheets" (see screenshot below from Forms Mode - click to enlarge). 

You will need to add another K-1 for each country with foreign transactions. The basic K-1 information is the same, but enter only the information for one country on each K-1. Unfortunately, there is no option to copy an existing K-1 to a new form.

Add another K-1 in TurboTax for desktop as follows:

  1. Use the Find box in the TurboTax header to search on "k-1." Click the jump-to link to go to the start of the section. Click Yes.
  2. Choose the type of K-1 you need to work on by clicking Update.
  3. Click Add another K-1 at the bottom of the list.
  4. Follow the prompts to enter basic info from Schedule K-1 and amounts for one country from Box 16.

Returning Member
Sep 4, 2021 2:35:52 AM

When I enter an amount in Code B of Box 16, it does give me an error prompt, but it does not ask me for the form 1116 where this amount would be entered.

Returning Member
Oct 16, 2021 4:51:05 AM

But the K-1 does not specify countries -- just says Various.  How does one proceed then?