K-1 step-by-step doesn't enter Part II data

Forum|Forum|2 years ago
April 10, 2024
3 replies
43 views

The Step-By-Step process for entering data from a K-1 form doesn't ask any questions about the data in Part II. I only found this by going to the Forms view and discovering the data was all missing.

nexchap

Level 9

Correct on your first time through the interview. TT doesn't use any of that information. You can leave it blank, or fill it out so you have it in your records.

If you go back and 'edit' the K-1, it will ask for the information so that's an alternative to just entering it in Forms mode.

**Say "Thanks" by clicking the thumb icon in a post. **Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user. . Use any advice accordingly!

taxedquestionsAuthor

Level 3

It's not intuitive that it is not used. It doesn't inspire confidence when the form lists it and TT doesn't collect it.

If TT is going to continue skipping this, perhaps there could be a statement that "the data in Part II is not being collected because it is not used for tax computations", or something like that.

Thanks.

ALEV99XX

Level 2

Two years later and nothing's changed.