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tjwolf
New Member

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'?

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1 Reply
PatriciaV
Expert Alumni

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

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.

 

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