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Forms K1 (1041) Schedule K-1 Statements and footnotes and K-1 (541)

The forms I received are not confusing, it's the placement of the amounts and where they go when filing.  If I place an amount in the wrong place it could generate a number or numbers that aren't correct.  

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1 Reply
RobertB4444
Employee Tax Expert

Forms K1 (1041) Schedule K-1 Statements and footnotes and K-1 (541)

When you enter the K-1 into TurboTax there should be corresponding boxes in the system for every box on the K-1.  Only enter information that is a non-zero amount.  And make sure you enter it in the correct boxes and you should be fine.

 

@missgail1234 

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