Where do i enter K1 form 1065 items 16G and 16H

alcastillo2 — Tue, 04 Jun 2019 23:35:33 GMT

To enter information from Schedule K-1 (1065) in the CD/D...

IreneS — Tue, 04 Jun 2019 23:35:35 GMT

To enter information from Schedule K-1 (1065) in the CD/Download versions of TurboTax, please follow these steps:

Click on Federal Taxes > Wages & Income [See Screenshot #1, below.]
Under Business Items, click on the box next to Schedules K-1, Q.
Click Yes on the next screen, Schedules K-1 or Q.
On the Tell Us About Your Schedules K-1 screen. Click on the Start/Update box next to Partnerships/LLCs (Form 1065). [Screenshot #2]
If you have already entered K-1 information, you will see the Partnership/LLC K-1 Summary screen. Click Add Another K-1 to enter your information (or click on Edit to continue with the existing form entry). [Screenshot #3]
If you haven't yet started entering K-1 information, continue through the screens, entering the requested information.
On the screen, Check Boxes That Have an Amount, be sure to click Box 16. [Screenshot #4]
On the screen, Enter Box 16 Info, select G - Deduction - Interest expense and H - Deduction allocated at individual level - Other from the drop-down menu and enter the amounts. [Screenshot #5]
On the next screen, enter how much of the interest expense and other expense was due to foreign income.
[Screenshot #6]

Follow-up to above question: I also have amounts in 16B,...

alcastillo2 — Tue, 04 Jun 2019 23:35:36 GMT

Follow-up to above question: I also have amounts in 16B, 16C, and 16D but the screen only allows up to 3 codes of input. Does this mean I have to enter a separate K1 worksheet for additional codes G and H for this same partnership?

sorry forget the question above. . . . scroll button does...

alcastillo2 — Tue, 04 Jun 2019 23:35:37 GMT

sorry forget the question above. . . . scroll button doesn't work in my keyboard . . .

topic Where do i enter K1 form 1065 items 16G and 16H in Business & farm

Where do i enter K1 form 1065 items 16G and 16H

To enter information from Schedule K-1 (1065) in the CD/D...

Follow-up to above question: I also have amounts in 16B,...

sorry forget the question above. . . . scroll button does...