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Level 2
April 12, 2021
Question

Schedule K-1

  • April 12, 2021
  • 1 reply
  • 7 views

I entered dividends and interest from an estate  Schedule K-1. TT summarizes it at $0 instead of $3700? How does the $3700 get added to dividend and interest income?

    1 reply

    Level 15
    April 12, 2021

    The TurboTax program distributes the figures you enter from your K-1 throughout your return (on the appropriate lines of the appropriate schedules and forms).

     

    It is typical for the K-1 Summary to display "$0".

    Dan119Author
    Level 2
    April 12, 2021

    When I look on Schedule B it doesn't seem to get added in BIL's name. Do I need to look at Schedule B after Federal Review?

    Level 15
    April 12, 2021

    Are you checking Schedule B in Forms Mode or are you using an online version?