3091158
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

aneaccount
Returning Member

K1 Line 1 (Ordinary business income or loss)

No matter what I put in as income ($1 or $1000000) the K1 line 1 numbers do not change on all the K-1s for the partners. What am I missing? 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

K1 Line 1 (Ordinary business income or loss)

we can't see your return and there is no Turbotax support. the only thing i can suggest is to review the allocation percentages for each partner and make sure they add up to 100% 

aneaccount
Returning Member

K1 Line 1 (Ordinary business income or loss)

Ok, I understand. I don't think I asked the question correctly.  A better way to ask the question is: on Schedule K1 line 1, where does this number come from? I am assuming it isn't just randomly generated. Somehow this nu.ber is calculated or taken from a different place on the form ?

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question