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Level 2
posted Feb 27, 2022 9:06:51 PM

My E*Trade supplemental tax information form states that I have "Non-1099 Distributions" from Enterprise Products Partners. It is categorized as Partnership Distribution. Where and how do I enter this income?

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1 Best answer
Level 15
Feb 27, 2022 11:29:50 PM

you don't.  Enterprise is a publicly traded partnership. so you will be getting a k-1 from them and it's some of the info on the k-1 that needs to be entered into your return

you can register at this location to download the k-1. it's available now or you can wait for it in the mail.

https://www.taxpackagesupport.com/enterprise 

 

 

while you can download a TXF file from the site once registered (the***  link) to import into Turbotax, there's info on the K-1 that can't be imported. some may be irrelevant to an individual. if you sold shares there's supplemental info on the sale that must be used and can't be imported.

 

 

4 Replies
Level 15
Feb 27, 2022 11:29:50 PM

you don't.  Enterprise is a publicly traded partnership. so you will be getting a k-1 from them and it's some of the info on the k-1 that needs to be entered into your return

you can register at this location to download the k-1. it's available now or you can wait for it in the mail.

https://www.taxpackagesupport.com/enterprise 

 

 

while you can download a TXF file from the site once registered (the***  link) to import into Turbotax, there's info on the K-1 that can't be imported. some may be irrelevant to an individual. if you sold shares there's supplemental info on the sale that must be used and can't be imported.

 

 

Level 2
Mar 1, 2022 7:10:26 PM

Thank you so much, I was able to get the K-1 from the link you provided and start filling the Schedule K-1 on TurboTax. I see from K-1 that K-3 is applicable. From the IRS website looks like the new K3 forms wont be made available until March 20th, 2022. Do I need to then file an extension and wait for K3 to be provided by Enterprise? 

 

Thanks a lot for your help!

 

 

Expert Alumni
Mar 2, 2022 5:47:46 AM

IRS deadline for companies to send out Schedule K-1 (including all supplemental information) is March 31. You can wait until early April to make a decision on filing an extension since you should receive the complete K-1, enter the K-3 information, and e-file by the deadline. Remember that if you owe tax, the deadline to pay remains the same - April 18, 2022 for your 2021 tax return - even if you file an extension.

Level 2
Mar 2, 2022 7:36:29 PM

Thank you PatriciaV