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E
Level 2

completing Schedule K-1 in tax return

I have a Schedule K-1 where it has entry on Box 1, 2, and 3. In addition to those, it also has entry on many other boxes. TurboTax said that I need to enter Box 1, Box 2, and Box 3 each in a new Schedule K-1 input.

 

My question is... do I need to repeatedly inputting the rest of the information (in Box 4, 5, 6...., 20) 3 times as well? Or should I (can I) just enter it once while with Box 1?

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2 Replies

completing Schedule K-1 in tax return


@E wrote:

My question is... do I need to repeatedly inputting the rest of the information (in Box 4, 5, 6...., 20) 3 times as well? Or should I (can I) just enter it once while with Box 1?


Just enter the figures in the other boxes once; do not enter them each time you enter the figures from the other two boxes.

E
Level 2

completing Schedule K-1 in tax return

Thanks for the confirmation note. 

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