Reporting K-1, what does "Check boxes that have an amount or are checked on the form" mean?

This screen asks me to check the items on the K-1 that have an amount or are checked. Does a zero ($0.) count as an amount? My K-1 has fields that have an entry - but it's $0. - and fields that are completely empty. There are some fields, 15 and 16, that have $0 amount and a letter (A) and field 17 has a 'V' an a 'STMT' but no amount.

So is $0. considered an 'amount'?

733

Expert Alumni

Mar 20, 2024 1:45:52 PM

Check only the boxes that have amounts OR have codes beside them. You should have received Supplemental Information and/or Statement A with the Schedule K-1 that will give you the information you need for the boxes with Codes. TurboTax will ask for this info as you work through the interview screens.

Additional Info:

Where do I enter a Schedule K-1 that I received?
How do I enter my Section 199A Statement amounts into TurboTax?

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Reporting K-1, what does "Check boxes that have an amount or are checked on the form" mean?