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marilynwsterling
Returning Member

K-1s for publicly traded partnerships: 1. How not to double count divs, cap gains (also on 1099). 2. No Sched A attached but need for 199 3. No K-3, company says infor for it on K-1 but I cant figure out

I have K-1s for 3 publicly traded partnerships.  I have Turbotax Premier desktop. 1. I got a 1099 from Schwab that included the divs. For the one that I sold some, it included the capital loss.  How do I not double count this?   I see people have asked this in the past but dont know how to handle.   2. For one, Turbo tax is asking for info to determine 199, saying I should have received a schedule A with the K-1- but I did not.  I see that the first few lines of the K-1 do give bus income (was a loss for me)  rental income (I had none) but I don't see there there is other income, or the other things it asks for like form 4797.  So what do I put here?  Calling the company didn't help. 3. K-3s.  The other two partnerships (Brookfield Infrastructure Partners and Brookfield Renewable Partners) do not have the K-3 ready but they include a page that says that the info on it can be used to fill out the K-3 answers, which since I dont want to wait till June, I want to do.)  But it doesn't match.  The statement they includes has the following : passive source foreign income and passive source income (divs) sourced by partner.  These are fine and I will put into turbotax. But the only other info it gives is "13ae deductions" and "Partners information for base erosion and anti-abuse tax  Section 59A" well there is alot missing, like other sources of income and deductions (like branch, general ,other) taxes paid, accrued, etc.  so how do I fill this out? Thanks so much

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