K-1 Master Limited Partnership

I received a K-1 for a Master Limited Partnership which shows (on a separate form) several items for line 13 T (13T1-13T4).  I am wondering how to enter this information into Turbotax.  T

The MLP investment is held in a brokerage account and is not part of an IRA or other tax exempt account.

Thanks
    Cancel
    I just reviewed that area. Code T in box 13 is for domestic production activities deduction information.

    I entered in an amount on box 13 code T and it didn’t change any amounts on my test return - So I believe that this area captures supporting detail and does not directly affect your tax return.

    My guess is that the content or format of your supporting detail is not standard and/or not necessary. I would enter it the best I can and move on.

    I have never heard of the IRS adjusting someone’s tax return for these kind of K-1 ‘detail’ issues.
    • It is not hard to figure out where 13T1 to 13T4 go. Sit down, look at the description and you will know where to put the numbers.  The reason you want to fill in the numbers is explained on page 10 of the 1065 Partner's Instructions.  You may get a domestic production activities deduction.  You will need form 8903 to generate the deduction.
    • Thanks pineydog for the advice.  I figured it out for myself a while ago.  BTW, a little advice for you...you should  not tell people to sit down,, it's extremely obnoxious.
    • Sitting down or not, it is not obvious.
    Cancel
    If you start to fill out LIne 13 T in Turbotax, it will automatically provide places to enter amounts for T1, T2, etc.
      Cancel
      Contribute an answer

      People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

      1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
      2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
      3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
      4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
      5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.
      Cancel