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Schedule K1 Deduction Entry?

I've got a Schedule K1 with a deduction amount of $1,009 (code A) listed in Part III. How do I enter this in TurboTax?  There is a section on the 1040 worksheet, however when I enter the amount directly, I get an override error. I can't find where, in the context of the step-by-step process, there is a section to report this amount.

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1 Best answer

Accepted Solutions
AliciaP1
Expert Alumni

Schedule K1 Deduction Entry?

You need to enter your K-1 specifically into your return. 

 

In TurboTax Home & Business you can use the magnifying glass icon to search for "K-1".  Use the Jump to link that results and follow the steps to enter your K-1 information.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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2 Replies
AliciaP1
Expert Alumni

Schedule K1 Deduction Entry?

You need to enter your K-1 specifically into your return. 

 

In TurboTax Home & Business you can use the magnifying glass icon to search for "K-1".  Use the Jump to link that results and follow the steps to enter your K-1 information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Schedule K1 Deduction Entry?

That solved it--thanks!

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