topic MLP K1, Part 3 Box 1 and Box 2 in Get your taxes done using TurboTax

MLP K1, Part 3 Box 1 and Box 2

Anonymous — Mon, 14 Oct 2019 15:25:41 GMT

I am entering manually k1 into TT. If I click Box 1 then box 2 never shows up and If i click box 2 then box 1 never shows up.

Q. Should I treat it as 2 separate k1. or First complete K1 with box 1 then go to forms (top right) and manually enter amount into box2?

Re: MLP K1, Part 3 Box 1 and Box 2

Anonymous_ — Mon, 14 Oct 2019 15:31:10 GMT

Treat as two separate K-1s.

Enter the Box 1 figure along with the figures on ALL other lines, except for Box 2.

Subsequently, start another K-1 and only enter the figure from Box 2.

Re: MLP K1, Part 3 Box 1 and Box 2

Anonymous — Mon, 14 Oct 2019 15:32:30 GMT

Why is that? why not just edit box 2 in forms once every thing is added?

Re: MLP K1, Part 3 Box 1 and Box 2

Anonymous_ — Mon, 14 Oct 2019 15:37:55 GMT

You can most likely to that, but entering figures in Forms Mode should be reserved for cases in which it is absolutely necessary; doing so voids Intuit's accuracy guarantee and has the potential to create other issues.