To create an additional K-1 worksheet,
When TurboTax checked the return for errors, I get a message of "Check this entry". It reads "Sch K-1 Wks-Partnerships: Box 16 Description -1 has been entered for more than one type of income. Use separate K-1 worksheets to report more than one type of foreign gross income source at the entity level. I don't know what this means and what I should put in. This is first time dealing with Limited Partnerships, K-1 and am at a loss.
If you have more than one entry in Line 16, delete one of them.
Part III, Line 16 on this K-1 from Merrill Lynch has codes A, B, C, D, and F. It also shows an E with a - (dash) and * which indicates "See attached statement for additional information". I can't find any additional information on the statement (M.L. is not a big help). I'm not sure I can just delete one of these entries since they are shown on the K-1. Doesn't this form go to the IRS? Also, I'm not sure what "Box 16 Description -1 has been entered for more than one type of income" from the TurboTax message means. Thanks for your help.