Form 1065 Schedule K Line 13d

[MarkH66]

I have deductions in our LLC that need to be reflected as "Other Deductions" om Scheule K form 1065 line 13d.  I can not find anyway to enter these.  Please help.

[PatriciaV]

Yes, you can enter Box 13D Noncash Contributions for Schedule K-1 using Forms Mode.

1. Click the Forms icon in the TurboTax header.
2. Look for "K-1 Partner" in the left column. Click the form name to open it in the large window. 

3. If you don't see this form in the list, you may need to open a new copy by clicking on Open Form and typing in "k-1". Name the worksheet the same as your partnership name. Then fill in the partnership info at the top of the worksheet before you continue.

4. Scroll down to Line 13.
5. Click the drop-down under Code and select "D". TurboTax automatically enters the description for Noncash contributions (30%).
6. Enter the amount of the total contribution in the pink box.
7. To verify the allocations, open each Schedule K-1 and confirm the code and amount on Line 13.
8. When you're finished, click "Step-by-Step" in the header to return to the interview.