turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

SamDas
Returning Member

K-1 with Box 1 zero and Box 2 is a small loss

I have a K-1 where Box 1 and 2 has some info.  Box 1 has $0, and Box 2 has -$146.   There are also positive numbers on box 5, 13, and 20.     I understand that when you have info on Box 1 and 2, one will create one K-1 with all info on box 1 and all the other boxes (5, 13, 20), then another K-1 with just Box 2. 

 

In this case where Box 1 is zero, do I need to create the K-1 for Box 1?  or can I enter all the info of Box 2, 5, 13, 20 in one K-1?

 

 

Connect with an expert
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
MinhT1
Expert Alumni

K-1 with Box 1 zero and Box 2 is a small loss

You can enter the info of all boxes in one K-1.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

K-1 with Box 1 zero and Box 2 is a small loss

don't create a k-1 for line 1 since it is zero.  all the info can go on the same k-1 for line 2

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies