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K1 Form 1041

I am using Turbo Tax Home and Business to prepare our 2020 Taxes. I have inputted the data from a K1 Form 1041 I received as an Estate Beneficiary. The program inputs this data as a business loss rather than in the personal income section, even though I originally put it in the personals section. I have attempted to manually change it back to the personal section but it doesn't allow it. How can I complete my taxes?

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1 Best answer

Accepted Solutions

K1 Form 1041

5 Replies

K1 Form 1041

Did you enter it in the section shown in the screenshot below?

 

1.png

K1 Form 1041

Yes I did.

K1 Form 1041

 

K1 Form 1041

If I remove this from the Business/Estate Income Section, where should this go?

K1 Form 1041

 

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