Schedule K-1; you need to improve the explanations within Turbotax - currently insufficient
13375
3 Replies
AliciaP1
Expert Alumni
Apr 16, 2022 1:39:39 PM
If you clarify your question as to where you may need help we would be happy to help!
TaxDiva2022
Level 1
Apr 16, 2022 1:48:29 PM
agreed K-1 explanations on TT are lacking: I just posted my own ? regarding my issues...
TaxDiva2022
Level 1
Apr 16, 2022 1:59:55 PM
here is my issue, perhaps you can help??
Schedule K-1 line 14 code "I" error
I get 1error message when run smart check and it is for line 14 on the Schedule k-1, with the code "I" section 199a information. My K1 info that was received says for box 14, code i - section 199A reit dividends. I am unable to override this "i" error, as that box shows red. If I change it to "z" other information it accepts it, but that is not accurate as what was reported by the trust. this is not a business. also TT has not generated forms 8995, 1116 or a 8801 (line 12 code J), has it has in years past. Any ideas? Thanks.