2209815
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it is not duplicated. the k-1 form is just a form to enter numbers on. the numbers carry from the k-1 to the appropriate tax form. for interest income on line 5 it carries to the interest income section of schedule B or line 2b of the 1040 if schedule B is not required
thanks. but the result is twice as much of the amount shown as income so how could i fix it? the total became $ 2 but i actually earned $1. that affects the bottom line of taxable in come.
I am having the same problem. I only have 1 K-1 but on Schedule B Part II it is listed twice and I can not find why.
Ol'Jer
I have a feeling you entered it in in 2 locations. Both through the 1099INT input here
which consequently led you to report the income here
and from here
which consequently led you to enter the interest here
Check both places and see if you can eliminate the interest input from one of them
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