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Level 3
posted Feb 26, 2023 9:05:10 PM

1040 Sched 1 line 26 issue

I received two K-1s each of which had Box 9 Depreciation directly apportioned deductions.  I was able to override line 24z on Schedule 1 Wksht and entered both K-1 amounts in the detail fields.  I also could override the 24z total.  I could also override Line 25 and entered the total from 24z once.  The details are in red but 24z is black.   I cannot get either Line 25 or  Line 26 to respond so that the amount will transfer to line 10 of the 1040.

0 2 219
2 Replies
Expert Alumni
Feb 27, 2023 1:03:32 PM

When the Form 1041 Schedule K-1 is correctly entered in TurboTax, Box 9 Depreciation flows to Schedule E as part of the total trust income. Apportioned Depreciation is not an adjustment. 

 

All Schedules E for the individual's 1040 return are totaled on Schedule E Line 32. This total is ultimately included on Schedule 1 Line 5 and contributes to Other income on Form 1040 Line 8.

 

No overrides are necessary on any of the forms listed above. If you see a number in a red font or a form box that turns red, that entry invalidates the return for e-filing and voids the TurboTax guarantees.

Level 3
Mar 2, 2023 6:09:11 AM

Thank you for the helpful answer.  I now understand that the issue is how the Depreciation allocation is adjusted when applied to Schedule E Page 2.