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Level 1
January 18, 2022
Question

Description sheet for Schedule K-1 Boxes

  • January 18, 2022
  • 1 reply
  • 6 views

Turbotax Business used to automatically print out the description sheet for what all the different boxes meant, but it is not automatically generating it for Turbo-tax Business 2021. Is there a way to turn this on or to obtain the description sheet from somewhere, I would like to add it to my K-1 so that i can easily see what things mean. For example: Part III,16D?

    1 reply

    Level 15
    January 18, 2022

    You can easily look up the descriptions for the boxes at the IRS link below.

     

    https://www.irs.gov/instructions/i1120ssk#en_US_2020_publink11521od0e2062