3629529
I received a K1 form as the beneficiary of a trust. The data entered into the form is not transferred to the summary page and the taxes are not being calculated. I have used TT for years and not seen this happen. There is a glitch that needs to be fixed. NOW.
Previous discussions around percentages make no sense as I am reporting income.
You'll need to sign in or create an account to connect with an expert.
It depends. It's important to use the Step by Step entry for your K1. Click the link for the TurboTax version you are using and the K1 information should flow to the appropriate areas of your tax return based on what income is listed.
I entered all the information from myy K1 using the step by step process. The only entry that shows up on the summary is the other income. However, my total tax is adjusted based on the numbers entered. So, I assume that the calculations are correct but that the display of the data is broken.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user26879
Level 1
dgurreri
New Member
mikesaparito
New Member
Khughes5735
New Member
balld386
New Member