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Returning Member
posted Mar 20, 2021 3:10:15 PM

What if the information Turbo Tax is asking for is not on the K-1 form that you received? The info on the K-1 doesn't match the Turbo Tax questions.

There  is no foreign country, no Gross Income Sources at Beneficiary Level,  no Gross Income Sources at Beneficiary Level:  US Source, Gross Income Sourced at Beneficiary Level:  Foreign Source, no Interest Expense Total, US Source, Foreign Sourced, Other Deduction: Total, US Source, Foreign Source, no total Applicable Losses, Foreign Taxes Accrued, Reduction in Taxes Available for Credit, etc.  The only information on my form is the following in box 14:  B-2; Z-STMT; Z-2; Z-12.  Then on the next sheet has some information but not sure how or where to input it.

0 2 1098
2 Replies
Level 15
Mar 20, 2021 3:40:18 PM

Be sure you are selecting the correct type of K-1.  There are three: Partnership, S Corp, and Estate/Trust.

 

Returning Member
Mar 20, 2021 5:06:36 PM

Hi

 

Thank you, yes. 

 

I'm using the Estate Trust one.  And the information on the K1 I received doesn't match the questions in Turbo tax.