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rlarkin1
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The boxed in Turbotax for K-1 do not match with the K-1-T received. i.e. line 10 on the K-1 is for dividends, but Box 10 in Turbo Tax is for Estate Tax Deduction>

 
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4 Replies

The boxed in Turbotax for K-1 do not match with the K-1-T received. i.e. line 10 on the K-1 is for dividends, but Box 10 in Turbo Tax is for Estate Tax Deduction>

Maybe you picked the wrong kind of K-1 you got.  There are 3 kinds.  Go back and delete this one and try again.

 

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to Business items

Schedules K-1, Q - Click the Start or Update button

 

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

The boxed in Turbotax for K-1 do not match with the K-1-T received. i.e. line 10 on the K-1 is for dividends, but Box 10 in Turbo Tax is for Estate Tax Deduction>

@rlarkin1 

 

You are somehow conflating the federal K-1 (1041) with the Illinois K-1-T (IL-1041).

 

Enter the information from your K-1-T in the State Return section of the program.

The boxed in Turbotax for K-1 do not match with the K-1-T received. i.e. line 10 on the K-1 is for dividends, but Box 10 in Turbo Tax is for Estate Tax Deduction>

TurboTax follows federal K-1 line numbers

dividends

1065 - line 6

1041 - line 2

1120-S - line 5

so not sure what you're looking at maybe a state k-1.

we have no access to your tax documents. 

 

The boxed in Turbotax for K-1 do not match with the K-1-T received. i.e. line 10 on the K-1 is for dividends, but Box 10 in Turbo Tax is for Estate Tax Deduction>


@Mike9241 wrote:

so not sure what you're looking at maybe a state k-1.


It is a state K-1; it is a K-1-T which is an Illinois schedule.

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