topic K1 Box 1 and Box 2 input income not reflecting the same as actual k1 in Get your taxes done using TurboTax

K1 Box 1 and Box 2 input income not reflecting the same as actual k1

bear-2017 — Tue, 24 Feb 2026 08:15:40 GMT

I have input my K1 separate as instructed for box 1 and 2. However the income is showing much higher in Turbotax than on my K1. It seems TurboTax is not taking the net income and only showing the income from box 1. Am I doing something wrong?

Re: K1 Box 1 and Box 2 input income not reflecting the same as actual k1

Anonymous_ — Wed, 27 Dec 2023 19:37:36 GMT

You're probably not doing anything wrong provided the data was input correctly (by you).

Don't go by any figure displayed in the K-1 summary.

Re: K1 Box 1 and Box 2 input income not reflecting the same as actual k1

Mike9241 — Wed, 27 Dec 2023 19:40:04 GMT

possibly. in prior year's k-1 lines 1, 2 an3 each had to be entered on a separate k-1. don't know about 2023 because it is not yet final. also, line 2 is passive which means the amount will first flow to form 8582. from there, an allowable amount will then be computed and will flow to schedule e page 2.

Re: K1 Box 1 and Box 2 input income not reflecting the same as actual k1

bear-2017 — Wed, 27 Dec 2023 19:49:55 GMT

Does that happen after the wages and income tab? (this is for 2022) I know I am very late. Right now my income is showing box 1 plus w2's. First time with a box 2 entry.

Re: K1 Box 1 and Box 2 input income not reflecting the same as actual k1

dmertz — Wed, 27 Dec 2023 20:03:10 GMT

Dollar amounts in any of the other numbered boxes that follow are to be entered on only one of the Schedules K-1 in TurboTax.