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

Expert Alumni

Mar 20, 2022 10:22:26 AM

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.

Expert Alumni

Mar 20, 2022 10:22:26 AM

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.

Level 1

Mar 20, 2022 11:14:30 AM

That solved it--thanks!

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Schedule K1 Deduction Entry?