☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Apr 10, 2024 11:59:43 AM

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

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.

0 2 970
2 Replies
Level 9
Apr 10, 2024 2:02:42 PM

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.

Level 3
Apr 10, 2024 2:12:02 PM

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.