https://ttlc.intuit.com/community/business-taxes/discussion/why-doesn-t-the-k1-form-1065-in-turbotax-have-a-section-m-under-part-ii/01/420592#M15926 <P>I am entering data from a K1 (Form 1065) prepared by my accountant for a family partnership.&nbsp; Under Part II on the form, the accountant has checked "No" in section "M" to answer the question "Did the partner contribute property with a built-in gain or loss?"&nbsp; There is no section "M" on the form in the latest downloaded update of Turbo-tax.&nbsp; I checked the IRS website and the latest 1065 does have a section "M".&nbsp;&nbsp;<BR /></P> Tue, 04 Jun 2019 21:09:14 GMT abailey46 2019-06-04T21:09:14Z https://ttlc.intuit.com/community/business-taxes/discussion/why-doesn-t-the-k1-form-1065-in-turbotax-have-a-section-m-under-part-ii/01/420592#M15926 <P>I am entering data from a K1 (Form 1065) prepared by my accountant for a family partnership.&nbsp; Under Part II on the form, the accountant has checked "No" in section "M" to answer the question "Did the partner contribute property with a built-in gain or loss?"&nbsp; There is no section "M" on the form in the latest downloaded update of Turbo-tax.&nbsp; I checked the IRS website and the latest 1065 does have a section "M".&nbsp;&nbsp;<BR /></P> Tue, 04 Jun 2019 21:09:14 GMT https://ttlc.intuit.com/community/business-taxes/discussion/why-doesn-t-the-k1-form-1065-in-turbotax-have-a-section-m-under-part-ii/01/420592#M15926 abailey46 2019-06-04T21:09:14Z https://ttlc.intuit.com/community/business-taxes/discussion/you-are-not-required-to-enter-the-information-reported-in/01/420598#M15927 <P>You are not required to enter the information reported in Part II of the K-1 (1065) section "M" on your return.&nbsp; That is why it is not shown on the Schedule K-1 Partnership Worksheet in Turbo Tax.</P> Tue, 04 Jun 2019 21:09:16 GMT https://ttlc.intuit.com/community/business-taxes/discussion/you-are-not-required-to-enter-the-information-reported-in/01/420598#M15927 JulieR 2019-06-04T21:09:16Z