topic Re: Schedule K-1 in Get your taxes done using TurboTax

Schedule K-1

Dan119 — Mon, 12 Apr 2021 16:53:34 GMT

I entered dividends and interest from an estate Schedule K-1. TT summarizes it at $0 instead of $3700? How does the $3700 get added to dividend and interest income?

Re: Schedule K-1

Anonymous_ — Mon, 12 Apr 2021 17:29:53 GMT

The TurboTax program distributes the figures you enter from your K-1 throughout your return (on the appropriate lines of the appropriate schedules and forms).

It is typical for the K-1 Summary to display "$0".

Re: Schedule K-1

Dan119 — Mon, 12 Apr 2021 17:39:12 GMT

When I look on Schedule B it doesn't seem to get added in BIL's name. Do I need to look at Schedule B after Federal Review?

Re: Schedule K-1

Anonymous_ — Mon, 12 Apr 2021 17:51:36 GMT

Are you checking Schedule B in Forms Mode or are you using an online version?

Re: Schedule K-1

Dan119 — Mon, 12 Apr 2021 18:06:50 GMT

I just did and Schedule B looks correct! Thanks! I should have done that from the start.