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My K-1 has "Ordinary Business Income" in box 1. Turbotax says to box one has interest income? Is this the same thing?

 
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Fern
New Member

My K-1 has "Ordinary Business Income" in box 1. Turbotax says to box one has interest income? Is this the same thing?

Make sure you are using the correct Form K-1 for data entry. There are 3 different types of K-1 forms, Partnership, S-Corp, Estate. Box 1 can mean different things depending on the type of K-1 issued.

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