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Level 1
posted May 7, 2020 2:50:38 PM

Line item from a K1 giving me an error

I have an item from a K1 that is  giving me an error and I can't figure out what the problem is. The line says Gross income from all sources and then the amount is -535. The verbiage is the same as I used in 2018 and I did not have a problem with that.

0 2 364
2 Replies
Expert Alumni
May 8, 2020 2:25:24 PM

Is this a partnership K-1? If so, what box number and letter is assigned to it? Sounds like it might be box 16 of part III. If so, flip over your K-1, and there will be a "legend" on the back that tells you where everything goes. 

Level 1
May 8, 2020 4:59:41 PM

It was definitely box 16. I ended up entering each line as a separate k1 and that seemed to work