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April 13, 2024
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Entering data from a K-1 that shows multiple columns in Statement A

  • April 13, 2024
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I have a K-1 that shows multiple columns on Statement A, and one of those columns shows a different EIN than the others (which is the same EIN as the entity generating the K-1), how do I enter this data in TurboTax? Do I need to create a new K-1 entry in TT for that column that has the different EIN (which happens to be a pass-through entity)? 

If so, where does TT ask about the pass-through EIN number?

    Best answer by nexchap

    Create a new K-1 for the other entity, since passive loss/gain can't be combined across entities.  For some reason the TT interview doesn't ask about EIN the first time through the interview, but it does if you choose edit and go through a 2nd time.  Alternatively, just edit the K-1 in 'Forms'

    1 reply

    nexchapAnswer
    April 13, 2024

    Create a new K-1 for the other entity, since passive loss/gain can't be combined across entities.  For some reason the TT interview doesn't ask about EIN the first time through the interview, but it does if you choose edit and go through a 2nd time.  Alternatively, just edit the K-1 in 'Forms'

    **Say "Thanks" by clicking the thumb icon in a post**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user. Use any advice accordingly!