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Returning Member
posted Jan 17, 2022 5:11:45 PM

Description sheet for Schedule K-1 Boxes

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?

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1 Replies
Level 15
Jan 17, 2022 5:19:49 PM

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