When entering K-1 information into TurboTax Deluxe, it seems that certain boxes (e.g. Box 11 and Box 13) have no effect on the Federal Tax due.

for 1065 entry, adding dividends in Box 6 adds to Fed Tax due, but adding deductions has no effect. Does TT Deluxe fully implement K-1 ??

425

Level 9

Mar 3, 2024 9:22:33 AM

There are numerous, less common, entries on K-1s that aren't necessarily handled by TT. It'll collect all the information, but won't always do anything about it. This post details many of those entries: https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-product-orders/personal-individual-tax-situations-calculations/L1FQfTTgn_US_en_US?uid=ltbs1mvu

You can also review your entries in 'Forms' mode to see what additional information / notes are provided there.