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pman1-
New Member

Do I need to fill in Sked K-1 Row 20H Other Descriptions?

Turbo Tax has a section to enter K-1 20AH1, 20AH2, 20AH3, etc Other Descriptions. Do I need to fill those out? Turbo Tax did not bark when I left them blank.
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1 Reply
PatriciaV
Expert Alumni

Do I need to fill in Sked K-1 Row 20H Other Descriptions?

It's unlikely that these amounts, which pertain to depreciation, will affect your tax return.

 

However, to be complete, you should enter everything from your Schedule K-1. To do this, follow these instructions:

  1. Return to the K-1 section of TurboTax and select the K-1 you need to complete and follow the prompts.
  2. When you come to the screen Enter Box 20 info, on the first line, select Code AH-Other information from the drop-down list and enter the amount.
  3. On the next line select code AH again and enter the second amount.
  4. On the next screen, enter any amount where the description matches.
  5. If the description is not listed, add it to the boxes at the bottom with the amount. Note that certain items (generally labeled "Other") on your K-1 may need to be entered in several different places in TurboTax. Consult the instructions that were included with your Schedule K-1. These should tell you the form and line where the amount should be entered, then, follow these instructions:
    Enter the form number or name of item in the search field in the toolbar at the top of this screen. You will then be presented with a list of topics that address this form. Select the topic that best matches the description given in your K-1, and then let TurboTax guide you the rest of the way.
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