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New Member
posted Apr 16, 2022 1:00:33 PM

Schedule K-1; you need to improve the explanations within Turbotax - currently insufficient

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3 Replies
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!

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...

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.