439515
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

StockDog
New Member

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.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
PatriciaV
Expert Alumni

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

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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
earlyride5372
Returning Member

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

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.

mkumarz
Returning Member

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

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question