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K-1 Passthrough

My K-1 Passthrough does not have Box 14 info yet the 1065 K-1s have the Box 1 loss showing up in Box 14 which is incorrect. I did not check the box that indicating that Box 14 applied. How do I correct this? 

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1 Reply
JotikaT2
Employee Tax Expert

K-1 Passthrough

You will need to go back to the interview section where you entered your Schedule K-1 information so that Box 14 is not selected.  

 

To review this entry, follow these instructions to get back to the Schedule K-1 entry section.

  1. Select Update to the right of Partnerships/LLCs (Form 1065) on the screen titled "Tell Us About Your Schedules K-1".
  2. Then, select edit to the right of the applicable partnership name.
  3. Proceed through the screens and answer the questions as applicable to your Schedule K-1 until you see the page titled "Check boxes that have an amount or are checked on the form."  
  4. Make sure Box 14 does not have a check mark to the left of it. If it does, please unmark the box and select Continue.
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